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British East India Company
built 627 days ago
Soon after, the British East India Company already had several trading establishments in India, at Surat, Masulipattam and Fort St.George (Madras). King Charles II ... gave the Company the right to issue currency, erect forts, exercise jurisdiction over English subjects and declare war/peace with natives.
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In 1858 the British East India Company officially ceased to exist as a trading corporation because of growing Indian discontentment which culminated in a series of rebellions. Although the Company was basically defunct since the turn of the nineteenth century, it still represented a Golden Age of English trade and its legendary status symbolized almost two hundred and fifty years of commercial dominance in the Orient. The origins of the East India Company are found in a Europe that was just beginning to use its potential as a world power. In general world history, the story of European colonization is perhaps the greatest factor in the break from the Euro-centric view of the Middle Ages to global perception of the Modern World. England followed a parallel process of modernization through the development of the East India Company. The success of the Company forced England to consider the nature of modern economics as opposed to the traditional Medieval model.
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In 1757, at the Battle of Plassey, Robert Clive, an employee of the British East India Company, defeated the Nawab of Bengal, Siraj-ud-Daulah and established their political sovereignty in India. It was an important step towards the eventual British dominance of the country. The First War of Independence (Sepoy Mutiny) or the first major Indian rebellion against the British after the battle of Plassey took place in 1857. Although the rebels succeeded in capturing territories in the Gangetic plain, it was recaptured by the British and the rebellion was completely crushed by mid 1858. The British government took over control of India from the East India Company. Britain then ruled India with local rulers for over three hundred years.
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The British East India Company - named to distinguish it from British trade in the West Indies - was founded in 1599 mainly to counter Portuguese domination of the spice trade. As soon as the British set up trading settlements in India... they were impressed by the quality of the textiles they found there. These had normally been used as goods for barter with the spice producers of Indonesia.
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Following annexation of Northeast India, the first strategy of the British East India Company toward the area was to set it up as a separate entity. At the outset, British strategy toward Northeast India was:
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During the seven years of his marriage Mill became increasingly absorbed in the work of the British East India Company and in consequence published less than at any other period of his life. In 1856 he became head of the examiner's office in the India House, and for two years, till the dissolution of the company in 1858, his official work kept him fully occupied.
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British East India Company