East India Company: A Brief History from Beginning to the End

By History Hub

History Hub presents a brief history of East India Company from beginning to end, which remarkable event impacts our lives even today.

Britain established the East India Company in 1600 to participate in the East India spice trade. Queen Elizabeth I, through a royal charter, granted a group of merchants the rights to trade in the East Indies on behalf of the Crown. The trade was previously monopolized by Spain and Portugal until the Spanish Armada’s defeat in 1588 that handed trade dominance to England. From its creation until 1612, the Company conducted numerous voyages that were also subscripted separately. The rest of Europe had an appetite for exotic goods like spices, textiles, and jewelry pieces from the East. However, sea travels to the East Indies were tremendously risky ventures. Aside from the harsh weather conditions, there are the threats of armed clashes with rival traders and the spread of deadly diseases. The Spanish, Portuguese, and the Dutch have also established their East India companies at that time. An employee of the Company has only had a 30% mortality right, according to historians. Due to the monopoly being supported by the royal charter, London merchants were protected against domestic competition while also giving back funds to the Crown, who was in desperate need of financing. As several commercial products were introduced, the Company enforced unethical methods (that can now be called acts against human rights) that generated rage and resentment from its partners. The anger resulted in a revolution that dissolved one of the greatest corporations to ever grace the world.

More than ever, we need to learn from history so that we do not repeat the mistakes of history. Discover in this brief history the event that impacted upcoming generations. This book contains additional 30 study questions for an in-depth discussion into East India Company.


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• Language: English
• Publisher: Ched
• Release date: Aug 5, 2021
• ISBN: 9791220832670

Book preview

CONTENTS

Part One: Editor Foreword

Chapter One: Introduction

Chapter Two: History of the Spice Trade

Chapter Three: Opium Wars

Chapter Four: The British Raj in India

Chapter Five: Conclusion

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Part One: Editor Foreword

Those who don't know history are doomed to repeat it. ― Edmund Burke

More than ever, it is important that we equip ourselves with the power of knowledge to learn from the lessons of mistakes from the past to ensure that we do not fall victim to similar mistakes. It is our aim to provide quality history books for readers to learn important history lessons critical for everyone. And we’d like to make sure you learn the stories faster, and more efficiently.

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Chapter One: Introduction

Did You Know?

The term East Indies refers to three contexts. First, they are the islands that are now known as Indonesia, Sunda, Moluccas, and New Guinea. Second, they refer to the Malay Archipelago or archipelagic Southeast Asia. Lastly, in the broadest context, they encompass the first two, plus the rest of mainland India and Southeast Asia.

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In 1599, a group of merchants met intending to venture