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Class 10 > Learn Social Studies > How East India Company establisahed a monopoly right...
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How East India Company establisahed a monopoly right to trade?

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On 31 December 1600, a group of merchants who had incorporated themselves into the East India Company were given monopoly privileges on all trade with the East Indies. The Company's ships first arrived in India, at the port of Surat, in 1608.Sir Thomas Roe reached the court of the Mughal Emperor, Jahangir,...
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On 31 December 1600, a group of merchants who had incorporated themselves into the East India Company were given monopoly privileges on all trade with the East Indies. The Company's ships first arrived in India, at the port of Surat, in 1608.Sir Thomas Roe reached the court of the Mughal Emperor, Jahangir, as the emissary of King James I in 1615, and gained for the British the right to establish a factory at Surat. Gradually the British eclipsed the Portugese and over the years they saw a massive expansion of their trading operations in India. Numerous trading posts were established along the east and west coasts of India, and considerable English communities developed around the three presidency towns of Calcutta, Bombay, and Madras. In 1717, the Company achieved its hitherto most notable success when it received a firman or royal dictat from the Mughal Emperor exempting the Company from the payment of custom duties in Bengal. read less
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East India Company had established the monopoly in trade with the East Indies through wars. First to Discover sea route to India was vasco de gama a portuguese in 1498. he appeared at calicut and was received there by Zamborin there (a regional king). Portuguese were the first to establish a factory...
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East India Company had established the monopoly in trade with the East Indies through wars. First to Discover sea route to India was vasco de gama a portuguese in 1498. he appeared at calicut and was received there by Zamborin there (a regional king). Portuguese were the first to establish a factory in india, and conquered areas like goa. Then subsequently arrived British , Dutch and French. British East India Company then fought all its rivals and defeated them in wars and signed treaties with them which (treaties) had a clause asking the rivals to end all their claims to these Indian territories. and same was the scenario with indian powers like Marathas, Nizam of hyderabad, Nawab of Awadh, Nawab of Bengal, Tipu Sultan and others, leading to the formation of The British Indian Empire. The Battle of Plassey 1757 and Battle of Buxar (1764) proved their power and monopoly against Indian powers. any doubts? please feel free to contact read less
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