6 Questions
During what time period did the East India Company receive a charter from Queen Elizabeth I?
17th century
What was the main reason for the Britishers to throw away their rivals and become the masters of trade in India?
They wanted to earn more profits
Where was the first English factory set up by the East India Company in India?
On the banks of the river Hugli
Which of the following statements is true about the charter granted to the East India Company by Queen Elizabeth I?
The charter did not prevent other European powers from trading in India
What were some of the goods that all European companies were interested in buying in India?
Pepper, Silk, Cotton, Cardamom, and Cinnamon
What did the Britishers do to become the masters of trade in India?
They threw away their rivals and became the sole trading power in India
Study Notes
East India Company's Charter and Rise to Power
- The East India Company received a charter from Queen Elizabeth I in 1600.
- The main reason for the British to throw away their rivals and become the masters of trade in India was to establish a monopoly over the Indian trade.
- The first English factory was set up by the East India Company in Surat, India in 1612.
Charter Granted by Queen Elizabeth I
- The charter granted to the East India Company by Queen Elizabeth I provided a monopoly over the Indian trade for 15 years.
- The charter also allowed the Company to declare war and make peace with non-Christian rulers.
European Companies' Interests in India
- European companies, including the East India Company, were interested in buying goods such as spices, textiles, and indigo in India.
Britishers' Strategy to Become Masters of Trade in India
- The Britishers used a combination of diplomacy, military power, and strategic alliances to become the masters of trade in India.
- They also used their superior naval power to control the seas and blockade the ports of their rivals.
Test your knowledge on the history and impact of the English East India Company with this quiz. Learn about their charter, trade monopoly, and competition with other European trading groups in the East.
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