The following essay shall look into the French colonial rule in India and their cultural significance in the area of Pondicherry. The French East India Company was another of several companies that were formed with the purpose of promoting Western European commercial interests in Asia particularly in India. The French was late to join the conquest of commercial trade with India. The British founded the British East India Company in 1600, and the Netherlands, which founded the Dutch East India Company in 1602. Even though the French attempted to develop trade connections with Asia in the early 17th century, there expeditions weren’t successful in securing any trading posts or settlements (Ruggiu 25).
On May 13th, 1773, the British Parliament approved a measure known as the Tea Act, that allowed the British Company of the Eastern Indians to sell its tea in the Thirteen Colonies of North America without paying taxes. This law was created to try to relaunch the company, which was in a serious crisis, obtaining a monopolistic situation for the British commerce. As a consequence of this, that same year, on December 16th, 1773, a group of colonist from Boston, dressed as American Indians, managed to sneak into the ships of the East India Company and throw a whole load of tea into the sea water in protest of this Tea Act of 1773. This event, known as the Tea Party, is considered to be the beginning of the American Revolution. However, the main impact of the Tea Party was not only at national level but also globally.
The History of Pirate Coast HSS 201-002 Fatma Hamdan Alabdouli 201231428 5th. November. 2015 Introduction The Pirate Coast included the emirates of Dubai and Abu Dhabi because this was where European and Arab pirates from the seventeenth to the nineteenth century attacked foreign ships. In 1818, there was the British campaign against the pirates. For this reason, Britain concluded a treaty of peace to end piracy and plundering and desist from the slave trade.
Dutch East India Company (Vereenigde Oostindische Compagnie,VOC) traders, under the command of Jan van Riebeeck, were the first people to establish a European colony (initially not constructed to become a colony)in South Africa. The Cape settlement was built by the Dutch in 1652 as a re-supply point and way-station for Dutch East India Company vessels on their way back and forth between the Netherlands and Batavia (Jakarta) in the Dutch East Indies. These sea expeditions were implemented to further expand the Dutch economy by creating a trade route with the East with regards to spice, silk, bullion, etc. The support station gradually became a settler community, the forebears of the Afrikaners, a European ethnic group who are greatly involved
The first steps in straightening out the mess was the reconsideration of the monopoly right of the Bank of England. The Bank of England had the right to manage all the country’s loans on monopoly basis. By granting other private enterprises to participate in these loans more companies started to participate in loans on behalf of the government. In 1711 the South Sea Company was founded as one of these competitors of the Bank of England. The company was promised a monopoly of all trade to the Spanish colonies in South America in exchange for taking over part of the national debt from the War of Spanish Succession earlier that century.
This treaty was created to solve many of the issues that had come to light due to the British occupation of Dutch properties during the Napoleonic Wars and also the issues regarding to the rights to trade that existed for hundreds of years in the Spice Islands. These issues were a treaty that addressed a broad array of issues and did not clearly describe limitations of expansion by either side in the Malay world. The British establishment of Singapore on the Malaya Peninsular in 1819 by sir Stamford Raffles worsen the tension between the two nations, especially as the Dutch claimed that the treaty signed between Raffles and the Sultan of Johore was null and void and that the Sultanate of Johore was under the Dutch sphere of influence. The questions surrounding the fate of Dutch trading rights in British India and formerly Dutch possessions in the area also became the point of dispute between Calcutta & Batavia. Negotiations were made under pressure from British merchants with interests in the Far East in 1820 to elucidate the situation in
Soon, the Portuguese were aware of the importance of Malacca and they started their first expedition to Malacca. The King of Portugal sent Diogo Lopes de Sequeira to associate with Sultan Mahmud Shah. Unfortunately, it turned up many Portuguese were being imprisoned by the Sultan but some were escaped. In 1511, Afonso de Albuquerque decided to conquer Malacca with 1,200 men and 18 ships. Afonso de Albuquerque arrived in Malacca in June 1511 and rescued the Portuguese who were imprisoned in the 1509 expedition.
The Iberian Empires, Spain and Portugal, had set a strategy which aimed at expanding their territories just as they did in America. In 1565, the Spanish explorer Miguel Lopez de Legaspi became the first governor of the Philippines. Indeed, after the treaty of Tordesillas signed in 1494, Manila became an advanced base for Spain to invade China and Japan. Therefore, in 1571 the king Philip II asked the viceroy of Mexico to send Captain Juan de la Isla to the Philippines. His mission was to gather information about the Ming Empire and to invade Chinese lands.
The commercial banking activities began with the establishment of Bank of Hindustan in 1770, which is the first joint stock company in India. But this was liquidated in 1832. In 1806, the Bank of Bengal was established followed by the establishment of Bank of Bombay and Bank of Madras in 1840 and 1843 respectively. These three banks together known as Presidency banks and was given right to issue notes in the region. During this time, many banks emerged but failed due to speculation, mismanagement and fraudulent practices.