What is the significance of the British East India Company?

Answer 1

finance trading ventures

Firstly, there wasnt just one East India Company, the british, french, dutch, spanish, Portuguese, swedish and danish all had east India companies. Secondly, the east India companies all focussed around one particular thing, profit through trading. This was achieved by trading with the forign nations mainly in India and the East Indies such as the Maratha Confederacy and the Mughal Empire. When they traded with them, they did two things, on the voyage there, the ships were full of cheap cargo from Europe and the Americas such as Tobacco, Iron, Steel and Weapons which were sold expensively in India, then they filled the ships with cargo from India such as Spices, Tea and Silk. These ships then sailed back to their home countries and sold these goods in the east India docks to the public expensively as they were very rare commodities in Europe. So basically, the purpose of the East India Companies was to primarily import and export goods which benefited their nations but they also made profit using supply and demand just like most companies do.

A+ (Finance trading ventures)

Answer 2

formed to pursue trade with the East indians

Answer 3

The East India Company was used for trade. It came across many competitors. So, they formed a military. They won loads of power from this. It was even held to their name! But from meetings that have discussed this little company of theirs could no longer be in service. So the British government took away their business in 1813.

Answer 4

The British East India Company was formed in order to pursue trade with the East Indies. Instead its trade was concentrated in the Indian subcontinent, China, the North West Frontier Province of British Asia, and Balochistan.

Answer 5

The East India Company was chartered during the last years of the reign of Elizabeth I to secure a trading monopoly for trade to and from the Indian Subcontinent. Originally operating out of Madras (now Chennai, Tamil Nadu) before founding the city of Calcutta, the Company, which had its own fleet and army, over a period of 150 years eventually through alliances and warfare, gained control of much of present day India. The Company was eventually dissolved due to the Sepoy Rebellion of 1857 and governance of India passed directly to the English Crown, beginning the British Raj.

Answer 6

formed to pursue trade with the East indians

Answer 7

To settle in India & govern over Indian masses.