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Questions and Answers
Which country granted a charter to the British East India Company in 1600?
Which country granted a charter to the British East India Company in 1600?
- France
- Portugal
- England (correct)
- Spain
What kind of business entity was the British East India Company?
What kind of business entity was the British East India Company?
- Sole proprietorship
- Limited liability company
- Partnership
- Joint-stock corporation (correct)
What were the main products traded by the British East India Company?
What were the main products traded by the British East India Company?
- Tea, cotton, and spices (correct)
- Silk, porcelain, and jade
- Coffee, sugar, and tobacco
- Gold, silver, and precious gemstones
Who were the main competitors of the British East India Company?
Who were the main competitors of the British East India Company?
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What was the main risk faced by employees of the British East India Company?
What was the main risk faced by employees of the British East India Company?
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Study Notes
British East India Company
- The British East India Company was granted a charter by England in 1600.
- The British East India Company was a joint-stock company, a type of business entity that allowed multiple investors to purchase shares and distribute risks.
- The company's main products traded included tea, spices, cotton, and textiles.
- The main competitors of the British East India Company were the Dutch East India Company and the French East India Company.
- Employees of the British East India Company faced the main risk of disease, particularly malaria and cholera, due to the harsh tropical environments in which they worked.
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