EAST INDIA COMPANY, ENGLISH
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The East India Company evolved from a small enterprise run by a group of City of London merchants, which in had been granted a royal charter conferring the monopoly of English trade in the whole of Asia and the Pacific. At its outset the East India Company was interested in the commercial opportunities offered by the spice islands of Southeast Asia rather than India.
However cargoes of Indian cloth sparked growing interest amongst consumers in England. The Company also shipped Chinese merchandise from Canton Guangzhou: Asian commodities were paid for with exported British woollens and metals, supplemented by silver bullion. Company business was overseen by a central administration in London based around the twenty-four elected members of the Court of Directors and a number of specialized committees of the Court.
The directors were answerable to the Company shareholders who met regularly at the General Court of Proprietors. The Company sent commercial, political and administrative instructions on beginning of trade by the east india company in india ships to the councils established at its main settlements in Asia, and these councils were in turn responsible for the management of subordinate factories which included Bandar Abbas and Basra.
The East India Company developed beyond a purely commercial beginning of trade by the east india company in india when war between Britain and France spread to India in the mids. The Company established military supremacy over rival European trading companies and local rulers, culminating in in the seizure of control of the province of Bengal.
The Company continued in its imperial role until when, in the aftermath of the military and civil rebellion in the north of the sub-continent, the Government of India Act transferred its powers to the India Office The department of the British Government to which the Government of India reported between and The successor to the Court of Directors.
The EIC was finally dissolved on 1 Juneafter shareholders received compensation from Parliament. The British Empire in the Gulf. Tea, Textiles and Porcelain At its outset the East India Company was interested in the commercial opportunities offered by the spice islands of Southeast Asia rather than India. The Board of Control: Cambridge University Press, H.
Bowen, The Business of Empire: Cambridge University Press, Military operations Trade practice Persia Persian Gulf. Beginning of trade by the east india company in india others discover our resources: Share on twitter Share on facebook. The Government, in London, of British India. Chosen by the Author Also by the Author Similar theme. The British in the Gulf: The Political Residency, Bushire.
