"The East India Company and its role in ruling India" Topic
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Tango01 | 22 Feb 2020 10:17 p.m. PST |
"In the late 1500s, European explorers started sailing east for trading purposes. The Spanish and the Portugese were originally dominant on these new sailing routes, but after the destruction of the Spanish Armada in 1588 the British and Dutch were able to take more of an active role in trade with the East Indies. The Dutch initially took a lead in this, focusing mainly on spices and in particular the trade of peppercorns. Concerned that the English were falling behind to the Dutch on these new trading routes, on the 31st December 1600 Queen Elizabeth I granted over 200 English merchants the right to trade in the East Indies. One of these groups of merchants called themselves Governor and Company of Merchants of London Trading into the East Indies, later to become simply The East India Company. As the name suggests, the Company's humble origins was as a small group of investors and businessmen looking to capitalise on these new trading opportunities. Their first expedition left for Asia in 1601 with four ships commanded by James Lancaster (pictured to the right). The expedition returned two years later with a cargo of pepper weighing almost 500 tons! James Lancaster was duly knighted for his service…" Main page link Amicalement Armand
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