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Search result for definition: British East India Company | ||
British East India Company: Sometimes referred to as "John Company", was a joint-stock company of investors, which was granted a Royal Charter by Elizabeth I on December 31, 1600, with the intent to favour trade privileges in India. The Royal Charter effectively gave the newly created British East India Company a monopoly on all trade in the East Indies. The Company transformed from a commercial trading venture to one which virtually ruled India as it acquired auxiliary governmental and military functions, until the Company's dissolution in 1858. Typical ships of the British East India Company |
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