The company's commercial monopoly was broken in 1813, and from 1834 it was merely a managing agency for the British government of India. It lost that role after the Indian Mutiny (1857). In 1873 it ceased to exist as a legal entity. Read more about the Indian Mutiny that hastened the end of the East India Company.
When did the government of the English East India Company come to an end?
The Indian Rebellion was to be the end of the East India Company. In the wake of this bloody uprising, the British government effectively abolished the Company in 1858 . All of its administrative and taxing powers, along with its possessions and armed forces, were taken over by the Crown.
Was the East India Company owned by the government?
The British East India Company was a private corporation formed in December 1600 to establish a British presence in the lucrative Indian spice trade, which until then had been monopolized by Spain and Portugal.
Did the British government run and control the British East India Company?
In 1784 , the British Parliament passed Prime Minister William Pitt's “India Act,” which formally included the British government in ruling over the East India Company's land holdings in India.
When and how was the East India Company rule abolished?
EXPLANATION: The Indian Rebellion or the 1857 Mutiny was the reason for the abolition of the East India Company (EIC). In the wake of this gory rebellion, the British govt. successfully abolished the Company in the year 1858 .
Why was the East India Company so successful?
The main reason for the involvement and influence of the EIC in the Indian Subcontinent is trade . They first entered the region as a charted joint-stock company to conduct trade. The trade of spices had proved highly profitable and the British wanted to have a share in this market.
Who gave permission to East India?
Queen Elizabeth I of England grants a formal charter to the London merchants trading to the East Indies, hoping to break the Dutch monopoly of the spice trade in what is now Indonesia.
Who ruled India before British?
The Mughals ruled over a population in India that was two-thirds Hindu, and the earlier spiritual teachings of the Vedic tradition remained influential in Indian values and philosophy. The early Mughal empire was a tolerant place. Unlike the preceding civilisations, the Mughals controlled a vast area of India.
Why did the British invade India?
The British East India Company came to India as traders in spices , a very important commodity in Europe back then as it was used to preserve meat. Apart from that, they primarily traded in silk, cotton, indigo dye, tea and opium. They landed in the Indian subcontinent on August 24, 1608, at the port of Surat.
When did England take over India?
British raj, period of direct British rule over the Indian subcontinent from 1858 until the independence of India and Pakistan in 1947.
When was Britain most powerful?
The 18th century saw the newly united Great Britain rise to be the world's dominant colonial power, with France becoming its main rival on the imperial stage.
How did Britain take control of India?
The British were able to take control of India mainly because India was not united. The British signed treaties and made military and trading alliances with many of the independent states that made up India . ... These local princes were effective at maintaining British rule and gained much from being loyal to the British.
Why was Britain so successful?
The British Empire owed its success to many factors. One key to its success was its efficient taxation system . ... Another factor in the success of the British Empire was the size and success of its navy. The British navy defended British trade and possessions all over the world.
Why did the British Government take over the East India Company?
The East India Company's royal charter gave it the ability to “wage war ,” and initially it used military force to protect itself and fight rival traders. ... But financial woes and a widespread awareness of the company's abuses of power eventually led Britain to seek direct control of the East India Company.
How did the East India Company take over India?
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 form of the new British Raj.
Who was the first Viceroy of India?
Government of India Act 1858 passed which changed the name of post-Governor General of India by Viceroy of India. The Viceroy was appointed directly by the British government. The first Viceroy of India was Lord Canning .
