What was the British East India Company for kids?
Their prime purpose was the profitable spice trade. At the end of 1600, Queen Elizabeth of England allowed a large body of merchants to form a new trading company to trade with the East Indies, India and Southeast Asia, which later came to be known as the East India Company.
What was the East India Company ks2?
The East India Company was formed by John Watts on 31st December 1600. It was established to exploit trade from India and South East Asia. The company went on to become the largest commercial venture in the world. It traded independently until its nationalisation in 1858.
What is the history of East India Company?
What was the East India Company? The East India Company was an English company formed for the exploitation of trade with East and Southeast Asia and India. Incorporated 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 trade.
Who founded the East India Company in London?
East India Company
| Company flag (1801) | |
|---|---|
| Coat of arms (1698) Motto: Auspicio Regis et Senatus Angliae Latin for “By command of the King and Parliament of England” | |
| Industry | International trade |
| Founded | 31 December 1600 |
| Founders | “The Adventurers” by royal charter Thomas Smythe, first Governor |
What was the Dutch East India Company for kids?
The Dutch East India Company (Vereenigde Oostindische Compagnie or VOC in Dutch, literally “United East Indies Company”) was established on March 20, 1602, when the Estates-General of the Netherlands granted it a monopoly to carry out colonial activities in Asia.
What was the East India Company 4 marks?
Q What was East India company? Ans: E.I.C was a trading company established by British traders, In 1600AD Queen Elizabeth granted charter of trade to trade in the east of Africa. In 1612 Prince Khurram allowed E.I.C to trade with India. E.I.C gradually captured whole India.
What was the East India Company BBC Bitesize?
In 1600, Queen Elizabeth I approved the creation of the East India Company, a powerful private trading company. The East India Company was started by merchants who wanted to trade in Asia to get spices, cotton and indigo dye and then sell them in England for profit .
Why was British East India Company formed?
The British East India Company was a private corporation formed in December 1600 to establish a British presence in the lucrative Indian spice trade, which until then had been monopolized by Spain and Portugal.
How was British East India Company formed?
In 1600, a group of English businessmen asked Elizabeth I for a royal charter that would let them voyage to the East Indies on behalf of the crown in exchange for a monopoly on trade. The merchants put up nearly 70,000 pounds of their own money to finance the venture, and the East India Company was born.
Why did the British came to India?
The British East India Company came to India as traders in spices, a very important commodity in Europe back then as it was used to preserve meat. Apart from that, they primarily traded in silk, cotton, indigo dye, tea and opium. They landed in the Indian subcontinent on August 24, 1608, at the port of Surat.
How did UK Colonise India?
The British were able to take control of India mainly because India was not united. The British signed treaties and made military and trading alliances with many of the independent states that made up India. The British were very effective at infiltrating these states and gradually taking control.
How and why did Britain Colonise India?
How did UK conquer India?
After some initial French successes, the British decisively defeated the French in Bengal in the Battle of Plassey in 1757 and in the southeast in 1761 in the Battle of Wandiwash, after which the British East India Company was the supreme military and political power in southern India as well as in Bengal.
Why did the British take over India?
Who ran the East India Company?
During its first 20 years the East India Company was run from the home of its governor, Sir Thomas Smythe, and had a permanent staff of only six. In 1700 it operated with 35 permanent employees in its small London office. In 1785 it controlled a vast empire of millions of people with a permanent London staff of 159.
Why did the British go to India?
When was British East India Company established?
December 31, 1600East India Company / Founded
The English East India Company was incorporated by royal charter on December 31, 1600 and went on to act as a part-trade organization, part-nation-state and reap vast profits from overseas trade with India, China, Persia and Indonesia for more than two centuries.
What is the British East India Company?
The British East India Company is simply referred to as the East India Company (EIC), although it goes by several names such as the Honourable East India Company (HEIC), or informally John Company, Company Bahadur, or The Company. The company was known to be so powerful that it successfully took control of the majority of the Indian subcontinent.
How many factories did the British East India Company have in India?
The company established trading posts in Surat (1619), Madras (1639), Bombay (1668), and Calcutta (1690). By 1647, the company had 23 factories, each under the command of a factor or master merchant and governor, and 90 employees in India.
Where can I find records of the East India Company?
Unlike all other British Government records, the records from the East India Company (and its successor the India Office) are not in The National Archives at Kew, London, but are held by the British Library in London as part of the Asia, Pacific and Africa Collections.
How did the British East India Company make money in China?
The company cleverly followed a triangular trade. They exchanged English gold and silver coins for Indian goods. They then utilized these in China to subsidize the prices of commodities they bought there. With this system the Company earned huge profits and became richer.