The east india company is, or rather was, an anomaly without a parallel in the history of the world it originated from sub-scriptions, trifling in amount, of a few private individuals. Indian trade under the british empire saw a constant process of exploitation led by british east india company which led to a gradual collapse of the indian economy, leaving in its wake an underdeveloped country struggling to acquire an economic stronghold the terms of trade were based on the conditions of the british market and the detrimental effects of british trade in india were long felt. Accordingly the east india company secretly resolved on leaving surat for ever, and removing the british factors and their trade to the island of bombay bengal trade, 1640-85.
British east india company name institution the east india company was initially commissioned as company and governor of london merchants trading in the eastern indies it was habitually termed as the honorable eastern india co. The most important development to be recorded is the deprival of the monopoly of trade and commerce of the british east india company and throwing open the trade of india to all the british citizens the east india company was allowed to have monopoly of trade with china. In east africa the british had strategic motives to protect the suez canal and the route to the east as the scramble exploded in the 1880s, britain was suddenly challenged for her right to trade and conduct financial and military business.
In 1784 the east india company had grown into a powerful political and trading organisation, rivalling that of the british government, in effect ruling many of the british empires territories in political matters the east india company was subordinated to the british government directly. An aggressive british empire-builder who eventually became the chief representative of the east india company - india consolidated british control in bengal black hole of calcutta an underground prison for holding prisoners in bengal - the local ruler attacked fort william and imprisoned local british population there. Expansion and empire the east india company and the growth of the british empire in 1600, queen elizabeth i granted the east india company a monopoly of trade to east asia. Wales and the british overseas empire: interactions and influences, 1650 – 1830 is an edited volume of essays presented as papers at a british academy-funded workshop held in september 2007 at aberystwyth university the publication of this monograph is significant, not only to welsh historiography, but also to studies of the british empire. And so, the ‘honourable company of merchants of london trading with the east indies’ – or east india company, as it came to be known – was founded few could have predicted the seismic shifts in the dynamics of global trade that would follow, nor that 258 years later, the company would pass control of a subcontinent to the british crown.
The rule of the british in india is possibly the most controversial and the most hotly debated aspect of the history of the british empire admirers of british rule point to the economic developments, the legal and administrative system, the fact that india became the centre of world politics. The overriding question of the lesson is was britain in india for the right reasons the subject matter is the east india company and a study of how it slowly took over the country of india taking with it a precious diamond and making a fortune out of its trade. From the company’s charter in 1600 to indian independence in 1947, east india company tells the story of trade with the east politics and the rise and fall of the british empire it records the challenges of a globalising world and sheds light on many contrasting narratives – from records of powerful political figures, through to the. The east india company was an english company formed for the exploitation of trade with east and southeast asia and indiaincorporated by royal charter on december 31, 1600, it was started as a monopolistic trading body so that england could participate in the east indian spice tradeit also traded cotton, silk, indigo, saltpeter, and tea and transported slaves.
The british brought order and stability to india, but india paid a high price for british rule the mistrust and cultural differences between the british and indians sparked an independence movement and renewed interest amoung indians in their culture and history. Explore the expansion of trade and empire and discover the stories of the first south asians to settle in britain the early relationship between britain and india was based on trade in 1600 britain founded the east india company as the east india company expanded, its political control increased. The name 'the british east india company' nee ds no introduction to the world of business, commerce and industry it was the most successful business ever and has a more colourful and adventurous history than any company in history.
The india office records and private papers tell the story of trade with the east, politics, the development of empire and the road to indian independence they record the history of britain as trade and empire permeated our society and the movement of people connected different worlds. The british empire was a great powerit contained territories owned by the united kingdomthe empire was the largest empire in history at its peak, it controlled 23% of the world's surface more than 458 million people were brought under the control of the british empire. Then came the british empire to drive industry backwards is professor of modern british history at stanford university in california t he east india company (eic) – a commercial arm of the british state – also sold british arms in the indian subcontinent to obtain trading privileges, they also presented arms as gifts.
The immediate cause of the indian revolt of 1857, or sepoy mutiny, was a seemingly minor change in the weapons used by the british east india company's troops the company had upgraded to the new pattern 1853 enfield rifle, which used greased paper cartridges. The british presence in india began through trade men like robert clive, of the british east india company, combined military prowess with a ruthless ambition, and became fabulously wealthy with. In 1858, british crown rule was established in india, ending a century of control by the east india company the life and death struggle that preceded this formalisation of british control lasted.