East India Company Analysis

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Great Britain was ruled by Elizabeth-I during the 16th century and early 17th century. After the victory of the Spanish Armada in 1588, British ships sailed few voyages in search of a viable trade route with the near east and far-east, particularly India and China during 1591 to 1596. In 1599 certain prominent merchants, influential people with the royalty and knights of London joined together and made a petition to the Royalty to grant license for trading in the East Indies, China etc. They had invested an initial capital of 30,000 pounds. The East India Company is a story of trade of cotton, silk, indigo dye, salt, saltpetre, tea, opium, spices, tea and cricket, of timber and gunpowder, and exploration of cities and ports. It is the story of how a group of influential merchants created a company that far exceeded their intentions, uniting distant markets, bringing people together, eventually ended up building and sustaining an empire. Started in 1600 by a royal charter by Queen Elizabeth I. It was the first limited liability company in the world, became the most valuable one in the 3 centuries of its life. It was controlling more than half of the Global trade and commerce and was also instrumental in making Great Britain control the world trade as well as rule the length and breadth…show more content…
An Archipelago called Malucu islands part of modern Indonesia was famous for its pepper, nutmeg, mace and cloves, they include Java, Borneo, Sumatra as well and were termed as East Indies. The contingent carried six letters of introduction from The Queen, each with a blank space for the name of the local ruler. It was not a successful mission as Lancaster envisaged as Dutch controlled trade, had a very strong influence and the broad cloth was deemed too heavy for use in the
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