Podcast
Play an AI-generated podcast conversation about this lesson
Questions and Answers
What was the primary function of the British East India Company when it first came to India?
What was the primary function of the British East India Company when it first came to India?
- To earn huge profit by selling Indian products in the British market (correct)
- To establish administrative control over India
- To facilitate technological advancements in India
- To promote cultural exchange between India and Britain
What was the impact of the Charter Act of 1813 passed by the British parliament?
What was the impact of the Charter Act of 1813 passed by the British parliament?
- Promoting local Indian businesses
- Opening trade routes with other European countries
- Granting independence to India
- Acquiring greater control over the company’s earnings (correct)
What was the reason behind the increasing demand for raw materials in India by British traders?
What was the reason behind the increasing demand for raw materials in India by British traders?
- Exploration of new territories for resources
- Industrial revolution and the need for a market to sell their finished goods (correct)
- Political alliances with Indian rulers
- Desire to spread British culture in India
What were the key products that had a large market in Britain from India during the British rule?
What were the key products that had a large market in Britain from India during the British rule?
Signup and view all the answers
What was the reason behind the initial entry of British traders into India?
What was the reason behind the initial entry of British traders into India?
Signup and view all the answers
Flashcards are hidden until you start studying
Study Notes
British East India Company Function
- Established primarily for trade, focusing on the spice trade and other commodities.
- Aimed to generate profit for shareholders through area dominance and establishing trade monopolies.
Charter Act of 1813 Impact
- Extended the British East India Company's charter for another 20 years while limiting its role in India.
- Allowed missionaries to promote Christianity and education in India.
- Enabled the British government to gain more power over Indian administration and introduce regulations.
Demand for Raw Materials
- Industrial Revolution in Britain created a heightened need for raw materials to fuel manufacturing.
- British traders sought Indian resources like cotton, indigo, and tea to feed the growing industries back home.
Key Products in Market
- Major exports included cotton, tea, indigo, spices, and opium.
- These products were cultivated in India and were highly valued in British markets, significantly contributing to the British economy.
Initial Entry of British Traders
- Motivation was to bypass middlemen in the lucrative spice trade.
- Initial focus on establishing direct trade routes to access and control valuable commodities from the East.
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
