When did east indian company get …
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Posted by Almaz Ismail 5 years, 2 months ago
- 4 answers
Akshaya Reddy Reddygaari G8 5 years, 2 months ago
Meghna Thapar 5 years, 2 months ago
In 1600, a group of English businessmen asked Elizabeth I for a royal charter that would let them voyage to the East Indies on behalf of the crown in exchange for a monopoly on trade. The merchants put up nearly 70,000 pounds of their own money to finance the venture, and the East India Company was born. Concerned that the English were falling behind to the Dutch on these new trading routes, on the 31st December 1600 Queen Elizabeth I granted over 200 English merchants the right to trade in the East Indies.
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Saanvi Jamwal 5 years, 2 months ago
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