What was the original goal of the British East India Company?

The East India Company was initially created in 1600 to serve as a trading body for English merchants, specifically to participate in the East Indian spice trade. It later added such items as cotton, silk, indigo, saltpeter, tea, and opium to its wares and also participated in the slave trade.

What were the goals of the British East India Company?

The British East India Company, was a joint-stock company which was granted an English Royal Charter [contract] by Elizabeth I on December 31, 1600, with the intention of exploring and trading with India and the surrounding areas. The goal was to make money for the company’s shareholders.

What was the main goal of the British East India Company quizlet?

What was the main goal of the British East India company? The main goal was to make money.

What was the original purpose of the British to come to India?

As we know that the British East India Company came to India with the purpose of trade mainly in spices. Apart from that they also traded in silk, cotton, indigo dye, tea, and opium. The arrival of Vasco da Gama in Calicut on May 20, 1498, opened a sea route from Europe to East Asia.

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What was the original intent focus of the British East India Company EIC in India?

London merchants presented a petition to Queen Elizabeth I for permission to sail to the Indian Ocean. The aim was to deliver a decisive blow to the Spanish and Portuguese monopoly of Far Eastern Trade.

How did British gain consolidate and maintain power in India?

Around 1670, King Charles II of England gave the British East India Company rights to run their territories in India as they saw fit. He gave them the power to mint money, command fortresses and troops, form alliances, make war and peace, and to enforce laws in the areas they controlled.

What was the cause and effect of the Sepoy Rebellion?

the causes of the sepoy rebellion was when some angry sepoys rose up against their british officers. Also when the east india company required sepoys to serve overseas which was against the sepoy’s religion. Some effects of the rebellion was a bitter legacy and a mistrust on both sides.

Why did the British government take control of India quizlet?

Originally it was created to control trade between Britain, India and East Asia. When the Mughal Empire weakened, the East India Company convinced regional rulers they needed British support. … The East India Company came into India with their own armies claiming to restore order and then took control of the country.

Was India rich before British rule?

Before British Rule (1858)

Before the British ruled in India the East India trade company came to rule while India was very weak, The company made India one of the wealthiest countries in the world. They Brought trade and influence into the country basically owning the global textile trade.

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Who were the worst sufferers under British rule?

Peasants were among the worst sufferers of British rule. However, peasants resisted the exploitation and started to organize collective protests and movements against the policies.

What were some negative impacts of British rule for India?

The British rule demolished India through, taxation on anything made in India, and the exportation of raw materials, which caused a plentiful amount of famine,and throughout all of this, the British kept most on India uneducated, and those they did educate, most were forced to become interpreters for the benefits it …