British East India Company
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Transcript of British East India Company
British East India
Company
Founded in 1600Formed initially for pursuing trade
with the East Indies (south, southeast, and east Asia)
Mainly traded silk, cotton, indigo dye, saltpetre, tea, and opium
Monopoly of TradeThe British East India company
was given a monopoly of trade east of the Cape of Good Hope (South Africa) and west of the Straits of Magellan (Chile)
Foothold in IndiaArranged a treaty with an Indian
emperor in 1615Treaty guaranteed that the British
East India Company would not be interfered with by rivals or locals
Letter to King James“I have commanded all my governors and captains to
give them freedom answerable to their own desires; to sell, buy, and to transport into their country at their pleasure. For confirmation of our love and friendship, I desire your Majesty to command your merchants to bring in their ships of all sorts of rarities and rich goods fit for my palace.”
- Mughal Emperor Nuruddin Salim Jahangir
International Conflicts Conflict with France (including the Seven
Years War) Resistance by local rulers in India Opium War with China (the company
smuggled opium into China) Boston Tea Party in the U.S. (U.S. merchants
protested the company’s lower prices on tea due to not having to pay taxes)
Downfall Increased oversight by the British
government throughout the 1800s Various legislative acts were passed by the
British Parliament to maintain control over the British East India Company
Eventual nationalization of the company in 1858 occurred after the Indian Rebellion of 1857
British East India Company Classwork
Write one paragraph explaining which economic concept
(Imperialism? Capitalism? Communism?) the British used with regards to the British East
India Company.
British East India Company Classwork (cont.)
Write one paragraph explaining how you feel the British East India
company impacted India.