Definitions for east india company
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East India Company(noun)
an English company formed in 1600 to develop trade with the new British colonies in India and southeastern Asia; in the 18th century it assumed administrative control of Bengal and held it until the British army took over in 1858 after the Indian Mutiny
East India Company
The East India Company, originally chartered as the Governor and Company of Merchants of London trading into the East Indies, and more properly called the Honourable East India Company, was an English and later British joint-stock company formed for pursuing trade with the East Indies but which ended up trading mainly with the Indian subcontinent, North-west frontier province and Balochistan. The East India Company traded mainly in cotton, silk, indigo dye, salt, saltpetre, tea and opium. The Company was granted a Royal Charter by Queen Elizabeth in 1600, making it the oldest among several similarly formed European East India Companies. Shares of the company were owned by wealthy merchants and aristocrats. The government owned no shares and had only indirect control. The Company eventually came to rule large areas of India with its own private armies, exercising military power and assuming administrative functions. Company rule in India effectively began in 1757 after the Battle of Plassey and lasted until 1858 when, following the Indian Rebellion of 1857, the Government of India Act 1858 led to the British Crown assuming direct control of India in the era of the new British Raj.
The Nuttall Encyclopedia
East India Company
founded in 1600; erected its first factories on the mainland in 1612 at Surat, but its most profitable trade in these early years was with the Spice Islands, Java, Sumatra, &c.; driven from these islands by the Dutch in 1622, the Company established itself altogether on the mainland; although originally created under royal charter for purely commercial purposes, it in 1689 entered upon a career of territorial acquisition, which culminated in the establishment of British power in India; gradually, as from time to time fresh renewals of its charter were granted, it was stripped of its privileges and monopolies, till in 1858, after the Mutiny, all its powers were vested in the British Crown.
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