East indian company Composition

East Indian Company (EIC)

It all began on Dec. 31, 1600, when Full Elizabeth I actually granted a charter to the British East India Company, naming the organization " The Governor and Company of Merchants of London, trading with the East Indies. " The corporation carried out business inside the East Indies at the behest of the queen. The president of (EIC) East India Company was Sir Adam Lancaster. Friend James Lancaster was a product owner who commanded the initial English vessel to reach the East Indies. Sir James Lancaster proven the initially English trading post in Southeast Asia. Trade came about in the 17th-19th-century.

Received a royal charter from Queen Elizabeth to be able to allow the trade and trip. Pirates Stole Ships.

A ship that had the most treasure and was worth up to $50, 000 to $60, 000 got thieved. Owned Stocks of the company by rich merchants and aristocrats. Aristocrats is a form of presidency in which electrical power is in the hands of a small , and privileged, lording it over class. Retailers is a entrepreneur who investments in products produced by other folks, in order to gain a profit. The East India Company (EIC), originally chartered as the Governor and Company of Merchants of London trading into the East Indies, and even more properly known as the Honourable East India Company, was an English sometime later it was (from 1707)[1] British joint-stock company[2] shaped for pursuing trade with all the East Indies but which in turn ended up trading mainly while using Indian subcontinent, North-West Frontier Province and Balochistan. Frequently associated with trade in fundamental commodities, which included cotton, man made fibre, indigo absorb dyes, salt, saltpetre, tea and opium, the organization received a Royal Rental from Queen Elizabeth in 1600,[3] so that it is the most ancient among several similarly created European East India Corporations. Shares in the company were owned by simply wealthy merchants and nobles.[4] The government owned or operated no stocks and shares and had just indirect control. The Company eventually came to rule large areas of India having its...

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