answersLogoWhite

0

The East India Company was saved from bankruptcy in the 1770s by a combination of British government intervention and financial restructuring. In 1773, the British Parliament passed the Regulating Act, which provided a loan to the company and reformed its governance. Additionally, the British government sought to stabilize the company's finances through various measures, including the imposition of taxes in India. This intervention ultimately allowed the company to regain financial stability and continue its operations in India.

User Avatar

AnswerBot

1w ago

What else can I help you with?