THE ENGLISH EAST INDIA COMPANY. The organisation of the company. Comparison to others. How/why it was more successful. Overview.
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Comparison to others.
How/why it was more successful.
Earl Viscount Canning - British Governor General, in 1857. Governor general of India 1865 - 1862. Viceroy of India 1858 - 1862.
Four arguments are suggested to account for the foundation in 1600:
1) The exclusion of English and Dutch merchants from Lisbon by Philip II after 1585, debarring them from the Portuguese spice market.
2) Increasing consciousness of the maritime strength of England after the Armada
(The threat to the spice trade through the Red Sea impelled the English merchants to follow the Dutch example. If we look at the rise of the English East India Company not as an independent commercial )
4) The desire to find new markets for English woollen cloth
The company needed educated locals to carry out its business properly in India, and the local masses started feeling the need for proper certification of qualification for the purpose of serving the administration and other government departments. The result was the foundation of the first three universities of the country by Earl Viscount Canning, the British Governor General, in 1857.
1st group) Active control and admin of the Company lay with a group of City merchants who invested heavily in it and were directly engaged in the trade of commodities at home or re-exports.
2nd group) Members of the aristocracy, high-office holders, gentry, shopkeepers, widows and orphans and foreign merchants, who saw the enterprise only in terms of financial gain and not with a view to participation in trade.
Coin from the Modern East India Company
‘The English in Asia to 1700’ by Peter Marshall, in ‘The Oxford History of the British Empire: The Origins of Empire’, Nicolas Canny (ed.)
‘The Trading World of Asia and the English East India Company’, K.N. Chaudhuri
‘The English East India Company: The study of an early joint-stock company, 1600-1640’, K.N. Chaudhuri