What was the East India Company?

What was the East India Company?

The East India Company ( EIC) was an English and later British joint-stock company founded in 1600. It was formed to trade in the Indian Ocean region, initially with the East Indies (the Indian subcontinent and Southeast Asia ), and later with Qing China.

Why did the British East India Company struggle in the spice trade?

Initially, the company struggled in the spice trade because of the competition from the already well-established Dutch East India Company. The company opened a factory in Bantam on the first voyage, and imports of pepper from Java were an important part of the company’s trade for twenty years.

Did you know the British East India Company gave 40% dividend?

It specialised in the spice trade and gave its shareholders 40% annual dividend. The British East India Company was fiercely competitive with the Dutch and French throughout the 17th and 18th centuries over spices from the Spice Islands.

How did the East India Company take control of India?

The East India Company took the beginning steps of British takeover of power in India for centuries to come. In 1772, the company made Warren Hastings, who had been in India with the Company since 1750, its first governor-general to manage and overview all of the annexed lands.

Where can I find records of the East India Company?

Unlike all other British Government records, the records from the East India Company (and its successor the India Office) are not in The National Archives at Kew, London, but are held by the British Library in London as part of the Asia, Pacific and Africa Collections.

What is the coat of arms of the East India Company?

The East India Company’s arms, granted in 1698, were: “Argent a cross Gules; in the dexter chief quarter an escutcheon of the arms of France and England quarterly, the shield ornamentally and regally crowned Or.”.

What was the name of the British company in India?

Partition of India. The East India Company (EIC), also known as the Honourable East India Company (HEIC) or the British East India Company, and informally known as John Company, Company Bahadur, or simply The Company, was an English and later British joint-stock company.