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East India Company Essay

351 words - 2 pages

This article is about the 17th-19th century English and British trading company. For other uses, see East India Company (disambiguation).
British East India Company

Company flag after 1801
Former type Public
Industry International trade
Fate Dissolved
Founded 1600
Defunct June 1, 1874
Headquarters London, England
Colonial India

Imperial Entities of India
Dutch India 1605–1825
Danish India 1620–1869
French India 1759–1954
Portuguese India 1510–1961
Casa da Índia 1434–1833
Portuguese East India Company 1628–1633
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The East India Company traded mainly in cotton, silk, indigo dye, salt, saltpetre, tea and opium. The Company was granted a Royal Charter in 1600,[2] making it the oldest among several similarly formed European East India Companies. Shares of the company were owned by wealthy merchants and aristocrats. It was an example of an English joint stock company.[3]. The government owned no shares and had only indirect control. The Company eventually came to rule large areas of India with its own private armies, exercising military power and assuming administrative functions.[4] Company rule in India effectively began in 1757 after the Battle of Plassey and lasted until 1858 when, following the Indian Rebellion of 1857, the Government of India Act 1858 led to the British Crown assuming direct control of India in the new British Raj.
The Company was dissolved in 1874 as a result of the East India Stock Dividend Redemption Act passed one year earlier, as the Government of India Act had by then rendered it vestigial, powerless and obsolete. Its functions had been fully absorbed into official government machinery in the British Raj and its private army had been nationalised by the British Crown.

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