political and military
The East India Company, also known as the English East India Company and the British East India Company, was a historical English, and later British, company, founded in 1600, and chartered with the monopoly of trading with Southeast Asia, East Asia, and India
In the year 1616, when British people had establish east India company, there was a very long solar eclipse, During that period the Indian saints had discovered a rare element Iridium, which was believed to have no-corrosion properties, it is believed that these pieces of iridium came from mateiors falling on the earth,
Generally meteior burn off due to air friction when they enter the earths atmosphere. but iridium having a very high melting point survived all the heat and finally fall on earth. Iridium is a very very rare and costly metal.
In those days, when the british government came to knew about these metal, they decided to mix it with copper to make non-corrosive currency and utensils.
It was later found that the compound copper iridium had magical properties like pulling a rice coin , affecting electronic equipment in its vicinity and so on.
The Dutch West India Company was important because it was the first multinational corporation ever created. This company is credited with being the first to provide stocks.
it allowed them to keep costs high since they were the only ones who could sell tea. :)
No, they did not. If you have a coin dated 1616 from the East India Co, it is a reproduction or the like.
No it is not fake, i am having the said coin, and anybody wants to see contact my email vs7861@yahoo.com , i will show and mail to you to see and wants to purchase also contacat me
The English East India Company had defeated Siraj-ud-daulah at the Battle of Plassey in 1757. This was their first step towards plundering Bengal's prosperity. Again, after the company acquired the Diwani rights from the Mughal emperor,Shah Alam II their control over Bengal, Bihar, Orissa was legally acknowledged.
Thats what my question was but you told me everything else other than this..
After the death of Aurangzeb, the Bengal nawabs asserted their power and autonomy. Through the eighteenth century, the conflicts between them and the East India Company intensified. The nawabs refused to grant the Company concessions, demanded large tributes, denied it the right to mint coins, and stopped it from extending its fortifications. They claimed that the Company was depriving the Bengal government of huge amounts of revenue, and also undermining their authority by refusing to pay taxes, writing disrespectful letters, and humiliating them and their officials.
On its part, the Company declared that its trade was getting ruined because of the unjust demands of the local officials. It believed that trade could only flourish if the duties were removed. To expand trade, it wanted to enlarge its settlements, buy up villages, and rebuild its forts.
I have one coin. can someone tell me the value.
I also have India 1920 4 annas coin
Bigman
The British East India Company was established in Calcutta (Now Kolkata.)