6 Questions
Which of the following is the primary reason why the East India Company was granted a charter by Queen Elizabeth I in 1600?
To establish a monopoly on trade with the East
What was the main way in which mercantile trading companies in those days made a profit?
By excluding competition
What was the main purpose of the East India Company's voyages across the oceans?
To buy goods at a cheap price and sell them at higher prices in Europe
Which European power had established their presence in the western coast of India before the English ships sailed to India?
The Portuguese
Who discovered the sea route to India before the English ships sailed down the west coast of Africa?
Vasco da Gama
Which century did the French traders arrive on the scene in the Eastern markets?
The seventeenth century
Study Notes
The East India Company and its Context
- The East India Company was granted a charter by Queen Elizabeth I in 1600, primarily to break the Portuguese monopoly on the spice trade.
Mercantile Trading Companies
- Mercantile trading companies made a profit mainly by buying goods at a low price in one place and selling them at a higher price in another.
The East India Company's Voyages
- The primary purpose of the East India Company's voyages across the oceans was to establish trade routes and facilitate the exchange of goods.
European Presence in India
- The Portuguese had established their presence on the western coast of India before the English ships sailed to India.
Discovery of the Sea Route to India
- Vasco da Gama discovered the sea route to India before the English ships sailed down the west coast of Africa.
French Traders in Eastern Markets
- French traders arrived on the scene in the Eastern markets in the 17th century.
"Test Your Knowledge on the East India Company and Its Impact on Trade" - Take this quiz to learn about the history, significance, and legacy of the East India Company. Test your knowledge on the Company's role in global trade, exploration, colonization, and the impact it had on the economies and societies of India, England, and beyond.
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