What were the goals of the East India Company in India?
The Honourable East India Company (HEIC), often colloquially referred to as "John Company", and "Company Bahadur" in India, was an early joint-stock company (the Dutch East India Company was the first to issue public stock). It was granted an English Royal Charter by Elizabeth I on December 31, 1600, with the intention of favouring trade privileges in India. The Royal Charter effectively gave the newly created HEIC a 21 year monopoly on all trade in the East Indies. The Company transformed from a commercial trading venture to one that virtually ruled India as it acquired auxiliary governmental and military functions, until its dissolution in 1858 following the events of the Indian Rebellion of 1857.
Based in London, the company presided over the later creation of the British Raj. In 1617, the Company was given trade rights by Jahangir the Mughal Emperor. One hundred years later, it was granted a ...more