What were the problems faced by the East India Company?
The company faced financial challenges. The company also faced stiff competition from the Dutch and the French during the 17th and 18th centuries over spices brought from the Spice Islands. The company waged numerous battles against their rivals. This lead to a depletion of resources and manpower.
What did the East India Company cause?
The East India Company was initially created in 1600 to serve as a trading body for English merchants, specifically to participate in the East Indian spice trade. It later added such items as cotton, silk, indigo, saltpeter, tea, and opium to its wares and also participated in the slave trade.
What bad things did the British East India Company do?
Over its two-and-a-half-century tenure, the EIC set up shop around the word, establishing trade monopolies and a reputation of ruthlessness. The company carried out some less-than-honorable acts in the process, however, with torture, extortion, bribery, and manipulation being fundamental to its success.
What impact did the East India Company have on Britain?
The Company helped make London an important shipbuilding centre. By 1618, the East India Company was one of the largest employers of civilian labour in London. Ships built at Deptford helped the Company expand and strengthen its trade in Asia.
What was the problem that all the trading companies were facing?
They faced a lot of problems. There was a fierce competition for flourishing trade. Also they were forced to pay taxes by the regional rulers for their private trade. Not only this, but also when the British came to power, they didn’t allow the other trading companies to fortify their trading posts.
Who were affected by the policies of the East India Company?
All the people or villagers and all the kings were affected by the policies of East India company. They were affected as they follow one rule divide and rule in which the king kills the other king and the East India Company help one of the king and by helping them they take 50\% to 60\% of land.
What were the effects of the Sepoy Rebellion?
The immediate result of the mutiny was a general housecleaning of the Indian administration. The East India Company was abolished in favour of the direct rule of India by the British government.
What were the areas of conflict between the Bengal Nawabs and the East India Company?
The conflict between the Bengal nawabs and the East India Company started when the Nawabs refused to grant the Company concessions and demanded large tributes for the Company,s right to trade. The Nawabs also denied the Company any right to mint coins, and stopped it from extending its fortifications.
What were the problems faced by the different trading companies in India?