In 1857, a revolt by Indian soldiers in the Bengal army of the company developed into a widespread uprising against British rule in India. After the so-called Indian Mutiny was crushed in 1858, the British government assumed direct control over India, and in 1873 the East India Company was dissolved.
Who ended East India Company?
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.
When did the East India Company start and end?
Although it started as a monopolistic trading body, it became involved in politics and acted as an agent of British imperialism in India from the early 18th century to the mid-19th century. After being weakened for decades, it ceased to exist as a legal entity in 1873 .
Why was the East India Company disbanded?
Partly because of endemic corruption , the company was gradually deprived of its commercial monopoly and political control, and its Indian possessions were nationalized by the British crown in 1858. It was formally dissolved in 1874 by the East India Stock Dividend Redemption Act (1873).
How long did the East India Company rule 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.
How did British enter 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.
Why was the East India Company so successful?
By the royal charter, the English East India Company was granted the monopoly of trade in Asia . ... The low salaries were compensated by opportunities of trade allowed to factors in their private capacity. The Company acted to protect the private trading interests of its employees.
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.
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 .
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.
What bad things did the East India Company do?
The company carried out some less-than-honorable acts in the process, however, with torture, extortion, bribery, and manipulation being fundamental to its success. For its part, the British government was able to slowly take over the East India Company and piggy-back on its efforts as it established the British Empire.
What would the East India Company be worth today?
Known under the initials VOC (Vereenigde Oostindische Compagnie), the Dutch East India Company would be worth about $7.8 trillion today.
How did the East India Company get looted from India?
Clive had transformed the British East India Company from a trading enterprise into a colonial power, albeit in the guise of a corporate manager, and it proceeded to loot India as never before. ... By 1772 , the EIC’s reputation was so damaged that its share price plummeted.
Who was known as the father of modern India?
Ram Mohan Ray is called the `Father of Modern India’ in recognition of his epoch-making social, educational and political reforms.
Who ruled India in 1600?
The Mughal (or Mogul) Empire ruled most of India and Pakistan in the 16th and 17th centuries. It consolidated Islam in South Asia, and spread Muslim (and particularly Persian) arts and culture as well as the faith. The Mughals were Muslims who ruled a country with a large Hindu majority.
Who introduced the doctrine of lapse?
Doctrine of lapse, in Indian history, formula devised by Lord Dalhousie , governor-general of India (1848–56), to deal with questions of succession to Hindu Indian states.
