Class 8 Exam > Class 8 Questions > when the east india company started its trad...
Start Learning for Free
when the east india company started its trade and from where
?
Most Upvoted Answer
when the east india company started its trade and from where Related:...
The East India Company was established in London in 1600 for the purpose of trading with the East Indies. The company was granted a royal charter by Queen Elizabeth I, which allowed it to trade in the East Indies without any competition from other English merchants.
Establishment of the East India Company
The East India Company was established in London in 1600 by a group of merchants and traders who wanted to trade with the East Indies. The company was granted a royal charter by Queen Elizabeth I, which allowed it to trade in the East Indies without any competition from other English merchants.
The Company's Trade
Initially, the East India Company traded in spices, such as pepper, cinnamon, and cloves. Later on, the company started trading in textiles, such as cotton, silk, and indigo. The company also traded in tea, opium, and other commodities. The company set up trading posts in India, such as Surat, Madras, and Calcutta.
Expansion of the Company
The East India Company gradually expanded its trade and influence in India. The company established political and economic control over Indian territories. The company's policies, such as the Doctrine of Lapse, Annexation and Subsidiary Alliance, enabled it to acquire Indian territories and control the Indian economy.
Impact of the Company's Trade
The East India Company's trade had a profound impact on Indian society and economy. The company's policies led to the destruction of Indian industries and handicrafts. The company's monopoly over Indian trade led to the impoverishment of Indian traders and merchants. The company's policies also led to the concentration of wealth and power in the hands of a few British officials and Indian rulers.
Conclusion
The East India Company's trade had a significant impact on Indian society and economy. The company's policies led to the destruction of Indian industries and handicrafts and the impoverishment of Indian traders and merchants. The company's policies also led to the concentration of wealth and power in the hands of a few British officials and Indian rulers.
Establishment of the East India Company
The East India Company was established in London in 1600 by a group of merchants and traders who wanted to trade with the East Indies. The company was granted a royal charter by Queen Elizabeth I, which allowed it to trade in the East Indies without any competition from other English merchants.
The Company's Trade
Initially, the East India Company traded in spices, such as pepper, cinnamon, and cloves. Later on, the company started trading in textiles, such as cotton, silk, and indigo. The company also traded in tea, opium, and other commodities. The company set up trading posts in India, such as Surat, Madras, and Calcutta.
Expansion of the Company
The East India Company gradually expanded its trade and influence in India. The company established political and economic control over Indian territories. The company's policies, such as the Doctrine of Lapse, Annexation and Subsidiary Alliance, enabled it to acquire Indian territories and control the Indian economy.
Impact of the Company's Trade
The East India Company's trade had a profound impact on Indian society and economy. The company's policies led to the destruction of Indian industries and handicrafts. The company's monopoly over Indian trade led to the impoverishment of Indian traders and merchants. The company's policies also led to the concentration of wealth and power in the hands of a few British officials and Indian rulers.
Conclusion
The East India Company's trade had a significant impact on Indian society and economy. The company's policies led to the destruction of Indian industries and handicrafts and the impoverishment of Indian traders and merchants. The company's policies also led to the concentration of wealth and power in the hands of a few British officials and Indian rulers.
Community Answer
when the east india company started its trade and from where Related:...
East India company started trade in 1600 and from Bengal
Attention Class 8 Students!
To make sure you are not studying endlessly, EduRev has designed Class 8 study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in Class 8.
|
Explore Courses for Class 8 exam
|
|
Top Courses for Class 8View all
when the east india company started its trade and from where Related: Chapter Notes - From Trade to Territory?
Question Description
when the east india company started its trade and from where Related: Chapter Notes - From Trade to Territory? for Class 8 2024 is part of Class 8 preparation. The Question and answers have been prepared according to the Class 8 exam syllabus. Information about when the east india company started its trade and from where Related: Chapter Notes - From Trade to Territory? covers all topics & solutions for Class 8 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for when the east india company started its trade and from where Related: Chapter Notes - From Trade to Territory?.
when the east india company started its trade and from where Related: Chapter Notes - From Trade to Territory? for Class 8 2024 is part of Class 8 preparation. The Question and answers have been prepared according to the Class 8 exam syllabus. Information about when the east india company started its trade and from where Related: Chapter Notes - From Trade to Territory? covers all topics & solutions for Class 8 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for when the east india company started its trade and from where Related: Chapter Notes - From Trade to Territory?.
Solutions for when the east india company started its trade and from where Related: Chapter Notes - From Trade to Territory? in English & in Hindi are available as part of our courses for Class 8.
Download more important topics, notes, lectures and mock test series for Class 8 Exam by signing up for free.
Here you can find the meaning of when the east india company started its trade and from where Related: Chapter Notes - From Trade to Territory? defined & explained in the simplest way possible. Besides giving the explanation of
when the east india company started its trade and from where Related: Chapter Notes - From Trade to Territory?, a detailed solution for when the east india company started its trade and from where Related: Chapter Notes - From Trade to Territory? has been provided alongside types of when the east india company started its trade and from where Related: Chapter Notes - From Trade to Territory? theory, EduRev gives you an
ample number of questions to practice when the east india company started its trade and from where Related: Chapter Notes - From Trade to Territory? tests, examples and also practice Class 8 tests.
|
|
Explore Courses for Class 8 exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup