East India Company Essay
1421 Words6 Pages
The East India Company (EIC), formally chartered as the Governor and Company of Merchants of London trading into the East, it was also well known as the Honourable East India Company, and its primary purpose was to trade with the East Indies, though it mainly landed up trading with the Indian subcontinent. It started off as a Joint stock company. The company petitioned Queen Elisabeth I to sail to the East Indies after the defeat of the Spanish armada which prevented privateers from sailing to those waters because of the trade monopoly it owned over there.
They finally reached India after 2 failures and 3 ships lost at sea, they received a charter. The charter was given to George, Earl of Cumberland, and 215 Knights, Aldermen, and Burgesses under the name, Governor and Company of Merchants of London trading with the East Indies. Their main competition was the Dutch East India Company. The company built its first factory in south India in the town of Machilipatnam on the Coromandel Coast of the Bay of Bengal.
The company continued to take on its competition (Dutch and Portuguese) in the Indian Ocean, their first significant victory over the Portuguese was the Battle of Swally in 1612, after this they tried to gain territory in India by asking the queen to send a diplomatic mission to India. This was the beginning of the east India Company in India. This company would later be accountable for half the world’s trade.
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What 's more the organization was additionally exceedingly sorted out for the time and it was one of the first organizations to secure an imposing business model over the zest exchange and it was the world 's first multinational corporation. The Dutch East India Company was likewise paramount in that it was dynamic in bringing European thoughts and innovation to Asia. It additionally stretched European investigation and opened up new ranges to colonization and
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Jack Ma once said, “The world needs new leadership, but the new leadership is about working together.” This could not be more true at Boston University through its Kilachand Honors College. I believe it is because their approach of interdisciplinary problem-solving, is about expanding students’ world-views. In this program you are learning with different individuals who have different interest and fields of study. According to Pew Research Center, “Political polarization is the defining feature of early 21st century American politics...”.
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