25 Facts About British East India Company


East India Company was an English, and later British, joint-stock company founded in 1600 and dissolved in 1874.

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British East India Company seized control of large parts of the Indian subcontinent, colonised parts of Southeast Asia and Hong Kong, and kept trading posts and colonies in the Persian Gulf Residencies.

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British East India Company ruled the beginnings of the British Empire in India.

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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 form of the new British Raj.

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British East India Company was dissolved in 1874 as a result of the East India Stock Dividend Redemption Act enacted one year earlier, as the Government of India Act had by then rendered it vestigial, powerless, and obsolete.

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The official government machinery of the British East India Company Raj had assumed its governmental functions and absorbed its armies.

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British East India Company's granted her charter to their corporation named Governor and Company of Merchants of London trading into the East Indies.

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British East India Company achieved a major victory over the Portuguese in the Battle of Swally in 1612, at Suvali in Surat.

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British East India Company decided to explore the feasibility of a foothold in mainland India, with official sanction from both Britain and the Mughal Empire, and requested that the Crown launch a diplomatic mission.

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British East India Company established its first Indian factory in 1613 at Surat, Gujarat, and its second in 1616 at Masulipatnam on the Andhra Coast of the Bay of Bengal.

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The high profits reported by the company after landing in India initially prompted James I to grant subsidiary licences to other trading companies in England.

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British East India Company, which benefited from the imperial patronage, soon expanded its commercial trading operations.

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British East India Company established trading posts in Surat, Madras, Bombay, and Calcutta .

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British East India Company was fiercely competitive with the Dutch and French throughout the 17th and 18th centuries over spices from the Spice Islands.

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British East India Company's envoys had to prostrate themselves before the emperor, pay a large indemnity, and promise better behaviour in the future.

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The companies merged in 1708, by a tripartite indenture involving both companies and the state, with the charter and agreement for the new United Company of Merchants of England Trading to the East Indies being awarded by Sidney Godolphin, 1st Earl of Godolphin.

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British East India Company sought a permanent establishment, while Parliament would not willingly allow it greater autonomy and so relinquish the opportunity to exploit the company's profits.

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British East India Company became the single largest player in the British global market.

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British East India Company knew that Samuel Pepys and John Evelyn had amassed a substantial fortune from the Levant and Indian trades.

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The British East India Company bore heavy losses and its stock price fell significantly.

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East India Company had been granted competitive advantages over colonial American tea importers to sell tea from its colonies in Asia in American colonies.

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The British government took over its Indian possessions, its administrative powers and machinery, and its armed forces.

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In 1818, the company entered into an agreement by which those of its servants who were certified insane in India might be cared for at Pembroke House, Hackney, London, a private lunatic asylum run by Dr George Rees until 1838, and thereafter by Dr William Williams.

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The arrangement outlasted the company itself, continuing until 1870, when the India Office opened its own asylum, the Royal India Asylum, at Hanwell, Middlesex.

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The East India Company's merchant mark consisted of a "Sign of Four" atop a heart within which was a saltire between the lower arms of which were the initials "EIC".

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