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Questions and Answers
Which Act was enacted in 1784 as a more radical reform to address concerns over the East India Company's affairs?
What percentage of all tea in America was smuggled during this time?
Why was the East India Company important to the British Empire?
What was the annual payment made by the East India Company to the government to maintain its monopoly?
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What was the main reason for the dire financial situation of the East India Company by 1773?
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Which Act marked the first step towards parliamentary control over the East India Company and centralised administration in India?
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What was the purpose of the Regulating Act 1773?
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What Act was subsequently enacted in 1784 as a more radical reform to address concerns over the East India Company's affairs?
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What percentage of all the tea in America was smuggled during this time?
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Why was the East India Company important to the British Empire?
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Study Notes
The East India Company and Its Reforms
- The East India Company's affairs led to the enactment of a more radical reform in 1784.
- During this time, around 85% of all tea in America was smuggled.
- The East India Company was crucial to the British Empire because it was a major source of revenue and a symbol of British power.
The Company's Financial Situation
- By 1773, the East India Company was facing a dire financial situation due to its excessive spending and declining sales.
The Regulating Act of 1773
- The Regulating Act of 1773 marked the first step towards parliamentary control over the East India Company and centralised administration in India.
- The purpose of the Regulating Act was to address the Company's financial woes and bring it under government control.
The Company's Monopoly
- The East India Company made an annual payment of £400,000 to the government to maintain its monopoly.
The Pitt's India Act of 1784
- The Pitt's India Act of 1784 was subsequently enacted as a more radical reform to address concerns over the East India Company's affairs.
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Description
Test your knowledge on the Regulating Act of 1773 and its impact on the management of the East India Company's rule in India. Learn about the Act's limitations and the subsequent reforms it led to in this quiz.
