Saturday, March 10, 2012

When was the east india company created?

idk.. i sorta searched, but i couldn't really find the date.. or the year really.When was the east india company created?
Dear,



EAST INDIA COMPANY;



The British Company was Chartered by Queen Elizabeth I on Dec., 31st, 1600, as part of the sudden overseas expansion made possible by the defeat of the Spanish Armada in 1588. A group of London Merchants received a monopoly on all British Trade and colonial administration over territories lying east of the Cape of Good Hope in return for assuming the initiative and the capital investment.When was the east india company created?
The Honourable East India Company (HEIC), often colloquially referred to as "John Company", 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 (then known as the Indian Mutiny).
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