Rise and fall of the british east india company
The British Settle in India
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British East India Company, 1600–1874, company chartered by Queen Elizabeth I for trade with Asia. "The original object of the group of merchants involved was to break the Dutch monopoly of the spice trade with the East Indies" (Harry Furber). However, after 1623, when the English traders at Amboina were massacred by the Dutch, the company admitted defeat in that endeavor and concentrated its activities in India. In 1698, a rival company was actually chartered, nut the conflict was resolved by a merger of the two companies in 1708. "By that time the company had established in India the three presidencies of Madras, Bombay, and Calcutta. Revenues from Bengal were used for trade and for personal enrichment. Rather than ruling on trust and hard work, The East India Company's domination of the Indian economy was based on its private army" (Robert Trout). By the East India Act of 1784 the government assumed more direct responsibility for British activities in India, setting up a board of control for India. Parliamentary acts of 1813 and 1833 ended the company's trade monopoly. Finally, after the Indian Mutiny of 1857–1858 the government assumed direct control, and the East India Company was dissolved.
"This great oracle of the east india company himself admits that, if there is no power vested in the Court of Directors but that of the patronage, there is really no government vested in them at all."
- Mahatma Gandhi
Other Intentions
Opium trade and more
"The sinister element that sets the British oligarchy apart from the popular image of the mafia family is its unshakable belief that it alone is fit to rule the world...The inheritors of the British East India Company - the same British monarchy and some of the same banking houses - have launched the new Opium War just as they did the first: to loot nations, destroy them, and exalt the power of the Empire...to become the "Third and Final Rome"'
- Lyndon Larouche |
After the invasion of India, the British had not only failed with their responsibility to bring new and enhanced traditions and technologies to India, however, they had violated the principal not wanting to much. Everything that had happened, ultimately, the British had controlled it. Gandhi had noted that the "earth provides enough to satisfy every man's need, but not every man's greed." However, with the desire to rule the world and loot nations, Britain had deprived many nations of their right of freedom.
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"The East India Company was a major subsidizer of the Jesuit mission to Beijing. The Jesuits, in turn, interceded with oriental monarchs to secure lucrative commercial favors for the company, including monopolies on tea, spices, saltpeter (for explosives), silks, and the world’s opium trade. Indeed ... the company appears to owe its very existence to the Society of Jesus."
- Tupper Saussy