35 Facts About 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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East India Company seized control of large parts of the Indian subcontinent, colonised parts of Southeast Asia and Hong Kong.

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

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East India Company took a rich 1,200 ton Portuguese carrack in the Malacca Straits, and the booty enabled the voyagers to set up two "factories" – one at Bantam on Java and another in the Moluccas before leaving.

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

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The East India Company launched a joint attack with the Dutch United East India Company on Portuguese and Spanish ships off the coast of China that helped secure EIC ports in China, independently attacking the Portuguese in the Persian Gulf Residencies primarily for political reasons.

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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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East India Company's archives suggest its involvement in the slave trade began in 1684, when a Captain Robert Knox was ordered to buy and transport 250 slaves from Madagascar to St Helena.

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The East India Company began using and transporting slaves in Asia and the Atlantic in the early 1620s, according to the Encyclopædia Britannica, or in 1621, according to Richard Allen.

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Ganj-i-Sawai carried enormous wealth and, according to contemporary East India Company sources, was carrying a relative of the Grand Mughal, though there is no evidence to suggest that it was his daughter and her retinue.

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

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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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East India Company became a director and later, as governor of the East India Company in 1672, he arranged a contract which included a loan of £20,000 and £30,000 worth of saltpetre— known as potassium nitrate, a primary ingredient in gunpowder—for the King "at the price it shall sell by the candle"—that is by auction—where bidding could continue as long as an inch-long candle remained alight.

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Great Bengal famine of 1770, which was exacerbated by the actions of the East India Company, led to massive shortfalls in expected land values for the company.

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

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The root of this crisis in relation to the East India Company came from the prediction by Isaac de Pinto that 'peace conditions plus an abundance of money would push East Indian shares to 'exorbitant heights.

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The East India Company had eighteen million pounds of tea sitting in British warehouses.

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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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In 1803 an Act of Parliament, promoted by the East India Company, established the East India Dock Company, with the aim of establishing a new set of docks primarily for the use of ships trading with India.

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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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East India Company had large stores of tea, but they wanted to monopoly in the tea trade or exclusive control over the shipments and sales of tea in America.

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Unlike all other British Government records, the records from the East India Company are not in The National Archives at Kew, London, but are held by the British Library in London as part of the Asia, Pacific and Africa Collections.

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Many of the East India Company records are freely available online under an agreement that the Families in British India Society has with the British Library.

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