Podcast
Questions and Answers
How did mercantile trading companies in the eighteenth century primarily make profit?
How did mercantile trading companies in the eighteenth century primarily make profit?
By excluding competition and buying cheap to sell dear
Who granted the East India Company the sole right to trade with the East in 1600?
Who granted the East India Company the sole right to trade with the East in 1600?
Queen Elizabeth I
Which Portuguese explorer discovered the sea route to India in 1498?
Which Portuguese explorer discovered the sea route to India in 1498?
Vasco da Gama
Which European power had already established their presence in India by the time the English ships arrived in the seventeenth century?
Which European power had already established their presence in India by the time the English ships arrived in the seventeenth century?
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What base did the Portuguese establish in India on the western coast?
What base did the Portuguese establish in India on the western coast?
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Name another European power that started exploring trade possibilities in the Indian Ocean by the early seventeenth century.
Name another European power that started exploring trade possibilities in the Indian Ocean by the early seventeenth century.
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What was the significance of the charter acquired by the East India Company from Queen Elizabeth I in 1600?
What was the significance of the charter acquired by the East India Company from Queen Elizabeth I in 1600?
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How did the East India Company primarily make profit in the eighteenth century?
How did the East India Company primarily make profit in the eighteenth century?
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Who established their presence in the western coast of India before the English ships arrived in the seventeenth century?
Who established their presence in the western coast of India before the English ships arrived in the seventeenth century?
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Which European explorer discovered the sea route to India in 1498?
Which European explorer discovered the sea route to India in 1498?
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By the early seventeenth century, which other European power began exploring trade opportunities in the Indian Ocean?
By the early seventeenth century, which other European power began exploring trade opportunities in the Indian Ocean?
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What strategy did mercantile trading companies in the eighteenth century primarily use to make profit?
What strategy did mercantile trading companies in the eighteenth century primarily use to make profit?
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Study Notes
Mercantile Trading Companies and Profits
- Mercantile trading companies in the eighteenth century primarily made profits through monopolizing trade routes and leveraging exclusive trading rights.
- They established a network of colonies and trading posts, allowing them to control the supply and prices of goods such as spices and textiles.
East India Company and Its Charter
- The East India Company was granted the sole right to trade with the East by Queen Elizabeth I in 1600, enabling it to dominate British trade in Asia.
- The significance of the charter included legal protection and the ability to negotiate treaties and establish fortified trading stations.
Exploration and Trade in the Indian Ocean
- Vasco da Gama, a Portuguese explorer, discovered the sea route to India in 1498, linking Europe with Asian markets.
- By the time English ships arrived in the seventeenth century, the Portuguese had already established their presence in India, particularly along the western coast.
Other European Powers in India
- The Dutch were another European power that began exploring trade possibilities in the Indian Ocean by the early seventeenth century, competing with both the Portuguese and the British.
Portuguese Presence in India
- The Portuguese established a base in Goa on the western coast of India, which became a significant center for their operations in the region.
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Description
Test your knowledge on the charter granted to the East India Company by Queen Elizabeth I in 1600, and the trade routes to India in the eighteenth century. Learn about the mercantile enterprise practices of the East India Company.
