An analysis of east india company

East india company in india history

In the wake of this bloody uprising, the British government effectively abolished the Company in Wars, pirates and lower profit margins forced the Company to grow into new markets where competition was less fierce. From these coastal toeholds, they orchestrated the profitable trade in spices, textiles and luxury goods on which their commercial success was predicated, dealing with Indian artisans and producers primarily through Indian middlemen. Although the forces of the East India Company were at first only concerned with protecting the direct interests of the Company, this was to change with the Battle of Plassey in After EIC merchants were massacred at Amboyna in present day Indonesia in , the company increasingly turned their attention to India. This was a potentially massive market for the Company, but was held back by the fact that the Chinese only traded their tea for silver. By the time of the Industrial Revolution, Britain had started producing these garments in its own factories, dramatically lowering prices due to mass production and bringing the fashions into the reach of the middle classes. It rented them from private companies, many of which were based at Blackwall in East London. Historians propose many reasons: the fracturing of Mughal India into tiny, competing states; the military edge that the industrial revolution had given the European powers.

The EIC ferried opium to China, and in due course fought the opium wars in order to seize an offshore base at Hong Kong and safeguard its profitable monopoly in narcotics.

Almost single-handedly, it reversed the balance of trade, which from Roman times on had led to a continual drain of western bullion eastwards. And by substituting special interests for the public interest, it is harmful to democratic expression.

For 40 minutes we drifted slowly, the water gently lapping against the sides of the boat, past the mile-long succession of mighty towers and projecting bastions of the fort, each decorated with superb Mughal kiosks, lattices and finials.

Expansion continued and rivals such as the Maratha people in western India and Tipu Sultan of Mysore were defeated.

British east india company definition

This haul was many times more valuable than that later extracted by Clive from the peripheral province of Bengal. But perhaps most crucial was the support that the East India Company enjoyed from the British parliament. In the wake of this bloody uprising, the British government effectively abolished the Company in Historians propose many reasons: the fracturing of Mughal India into tiny, competing states; the military edge that the industrial revolution had given the European powers. Unfortunately Britain was on the gold standard at the time, and had to import silver from continental Europe, making the whole tea trade financially unviable. This ultimately led to the Opium Wars. At the same time, the company expanded its influence over local rulers in the south, until by the s the balance of power had fundamentally changed. The EIC ferried opium to China, and in due course fought the opium wars in order to seize an offshore base at Hong Kong and safeguard its profitable monopoly in narcotics. Yet, in reality, British relations with India began not with diplomacy and the meeting of envoys, but with trade. Email to a friend January 21, at pm In , a group of London merchants led by Sir Thomas Smythe petitioned Queen Elizabeth I to grant them a royal charter to trade with the countries of the eastern hemisphere. In a scene that seems horribly familiar to us today, this hyper-aggressive corporation had to come clean and ask for a massive government bailout. It rented them from private companies, many of which were based at Blackwall in East London. This was a potentially massive market for the Company, but was held back by the fact that the Chinese only traded their tea for silver. Although the forces of the East India Company were at first only concerned with protecting the direct interests of the Company, this was to change with the Battle of Plassey in

It aimed to reposition itself as a benevolent and legitimate ruler that extended the limits of civil society and brought both security of property and impartiality of justice to India. The first half of the 19th century was marked by economic depression in India.

Their first expedition left for Asia in with four ships commanded by James Lancaster pictured to the right.

As well as maintaining a large standing army consisting primarily of sepoys Indian mercenary soldiers trained in European military techniquesthe EIC was able to call on British naval power and crown troops garrisoned in India.

east india company history

Faced with a local uprising led by Siraj ud-Daula with some French assistance! The destruction of Mughal power by Nadir Shah, and his removal of the funds that had financed it, quickly led to the disintegration of the empire.

This came to a head in when the Chinese demanded that all opium stock be handed over to its government for destruction.

What did the east india company do

To the west it shipped Chinese tea to Massachusetts, where its dumping in Boston harbour triggered the American war of independence. In reality, how did this company gain and consolidate its power and profit? In turn, parliament backed the company with state power: the ships and soldiers that were needed when the French and British East India Companies trained their guns on each other. It was the nearest the British ever got to putting the EIC on trial, and they did so with one of their greatest orators at the helm — Edmund Burke. For 40 minutes we drifted slowly, the water gently lapping against the sides of the boat, past the mile-long succession of mighty towers and projecting bastions of the fort, each decorated with superb Mughal kiosks, lattices and finials. The East India Company was founded 44 years later. The EIC ferried opium to China, and in due course fought the opium wars in order to seize an offshore base at Hong Kong and safeguard its profitable monopoly in narcotics. The first chartered joint-stock company was the Muscovy Company, which received its charter in The rapid rise of the East India Company was made possible by the catastrophically rapid decline of the Mughals during the 18th century. The country today has 6. Yet the late 18th century also saw the development of what would become the basis of the EIC state in India, as traders sought to become administrators and develop systems of rule compatible with both their Georgian ideas of political economy and the specific circumstances in India. Pinterest An East India Company grandee. Rather, these issues remained close to the surface of British public debate.

The expedition returned two years later with a cargo of pepper weighing almost tons! The first chartered joint-stock company was the Muscovy Company, which received its charter in

East india company in india

In turn, parliament backed the company with state power: the ships and soldiers that were needed when the French and British East India Companies trained their guns on each other. It seemed impossible that a single London corporation, however ruthless and aggressive, could have conquered an empire that was so magnificently strong, so confident in its own strength and brilliance and effortless sense of beauty. As late as , when Clive was only 14 years old, the Mughals still ruled a vast empire that stretched from Kabul to Madras. To the west it shipped Chinese tea to Massachusetts, where its dumping in Boston harbour triggered the American war of independence. When knowledge of this became public, 30 banks collapsed like dominoes across Europe, bringing trade to a standstill. By , when the EIC captured the Mughal capital of Delhi, it had trained up a private security force of around , twice the size of the British army — and marshalled more firepower than any nation state in Asia. Their first expedition left for Asia in with four ships commanded by James Lancaster pictured to the right. It rented them from private companies, many of which were based at Blackwall in East London. As well as maintaining a large standing army consisting primarily of sepoys Indian mercenary soldiers trained in European military techniques , the EIC was able to call on British naval power and crown troops garrisoned in India. By the time of the Industrial Revolution, Britain had started producing these garments in its own factories, dramatically lowering prices due to mass production and bringing the fashions into the reach of the middle classes.
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The company that governed