East India Company

mostly manufacturing due to war. Due to the manufacturing of guns, gunpowder was in high demand. China was one of the first places to start making gunpowder. Eventually the Mongols brought this new information on how to make gun powder to India and the Middle East when they conquered them. While Europe did eventually have the information brought to them from…

world of trade. Most of them were sent to Brazil and Caribbean and some of them were landed in Canada and United States. The first world trading system with the help of advanced legal, political and financial system developed by Dutch. The Dutch East India Company set up new strategies for trade financing, which includes the chance for private investors to diversify their risks. The trade ventures were sold to risk takers who could buy a one-sixteenth or one-thirtieth share in various kinds of…

with others; so, they set up the Verenigde Oost-Indische Compagnie or VOC. The VOC worked together for money as well as spices for the trading company. 40. What was the “country trade”? The country trade was the movement of cargoes from one Asian point to another. For example, “cottons from Coromandel to Indonesia and China, silks from China, Tonkin, India, and Persia to Manila and on to New Spain (Mexico), bullion and specie from Japan and the Philippines (out of Mexico), tea and gold from…

notoriously deadly, as was the fated that awaited the salves on the other side of the Atlantic Ocean. The renowned Dutch East India trading company (VOC) used slaves to grow spices into the eighteenth century (Empires 160). The Universal Dictionary of Trade and Commerce, published in 1751, reported that the VOC “makes peace and war at pleasure” (Empires 161). If foremost trading company, perhaps in the history of the world, was indubitably violent, how could anyone argue that trade leads to…

from this region. In the beginning of 17th century, East India Company was granted permission by the Mughal ruler Jahangir to commence its business activities in India. This organization was supposed to do business and earn profits by trade via sea but soon they tried to become a monopoly and as they were fully armed therefore managed to draw its means from land revenues as well. The British officers were employed in major business hubs of India and were given excellent and attractive employment…

mutiny. During this time period, the British wanted to have a direct rule over India because of the surplus of natural resources such as pepper, cotton, and jewels. In order to earn trust from the Indian people, the British allowed them to have weapons. When the Indians began to uprise against the British for control over the territory, the British covered the bullets in cow and pig grease, making the people of India who were mainly Hindus and Muslims unable to use the bullets because it was…

collapsed, and the British East India Company took over. They ruled for 150 years, and it wasn't until 1857 that the sepoys rebelled against them, and the British East India Company called into the British government, who brought armed forces, and took over India. In their time of power, Britain created an efficient government, they built thousands of miles of railroad tracks all throughout India, and they gave them the opportunity to learn at Oxford and Cambridge. Despite that, India had almost…

rule in India started after 1858, when British crown finally took hold of India from East India Company. British were interested in India because of several reasons but one of the major reasons was dominant trading position in the world, they craved for their monopoly; to attain first position world’s trade market. Apart from this their diplomats and officials could find a respectable jobs and enjoy a king-size life in India were among the few other reasons Britishers invaded and used India as…

impregnated the cloth (Barnard N. & Gillow J., 1991: 41). India sent cloth to many countries even before the 17th century. India realized the importance of trading and the benefits it could give to the country.…

the British Raj? Well, I’ll tell you about it. The East India Trading Company, lead by the british, moved to take India around the collapse of the Mughal Empire. They then began to rule over them, tying them to Britain until it was dissolved and the british took direct control of the nation and India became known as the “jewel of the crown” due to the abundance of resources it provided Britain. Although many believe the British control over India was terrible, it had some benefits. Both…