Monday, December 7, 2009

British East India Company

The East India company began as a privately owned company and became one of the largest colonized areas in Asia. The company didn't take political power immediately, but very gradually. They set up trading posts without taking any power and kept the relationship purely for economic purposes. Eventually the company spread their power by conquering the state of Bengal in 1757. Their puppet ruler went unchallenged for almost a decade while the company demanded more and more taxes. In 1764 the Mughal Empire rebelled against the Brittish because of the outragous expenses they forced them to pay. The brittish armies defeated the Mughals and set more restrictions in place.

- It was the largest colonized area in Asia.
- India company was Privately owned business.
- Established trading posts without becoming in-control
- 1757, conquered Bengal and put in puppet ruler
- 1764, Mughal empire fought against British troops but were defeated and British put puppet rulers everywhere and took control.
- company collected tax from Bengals as a result of uprising of Mughal
- soon after company went onto annex onto other companies
- landowners had to pay tax
- Debts of rural Indians was little concern. Calls for reform focused on Company's monopoly. Criticism of colonial methods mounted as the company's arbitrary rule in India became better known in London.
-Company assembled military and administrative departments becoming imperial power in its own right.

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