The East India Company – Mocomi.com

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History for kids
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With the arrival of the Portuguese explorer, Vasco da
Gama, in 1498 at Calicut in South India, European
explorers started arriving on Indian shores. Their prime
purpose was the profitable spice trade.

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At the end of 1600, Queen Elizabeth of England allowed a
large body of merchants to form a new trading company to
trade with the East Indies, India and Southeast Asia, which
later came to be known as the East India Company. In 1617,
Sir Thomas Roe approached the Mughal Emperor, Jahangir
and sought his permission to build a factory in Surat. In two
years, this permission was granted.

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Within ten years, another factory opened in Bombay, which
became the headquarters of the company. Soon the Indian
region was divided into three Presidencies; Calcutta,
Bombay and Madras. Each presidency functioned by itself,
but was answerable to the Court of Directors in London.

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The company cleverly followed a triangular trade. They ex-
changed English gold and silver coins for Indian goods.
They then utilized these in China to subsidize the prices of
commodities they bought there. With this system the Com-
pany earned huge profits and became richer.

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The Company however was corrupt and drained their prof-
its. This increased the need to collect higher revenues.
Peasant landowners were forced to pay their taxes in cash.
They in turn approached moneylenders, who seized their
lands on their failure to repay the loans. There was wide-
spread discontent and anger.

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In 1757, a military force led by Robert Clive defeated the
army of the Nawab of Bengal, Siraj-ud-daulah. With this
victory, The Company was transformed from an associa-
tion of traders into rulers of a large, unknown land. From
this moment the British Raj was born.

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By 1765, the Company had taken over Bengal. They also
exercised the right to collect revenues on behalf of the
Mughal Emperor in Bihar and Orissa. Warren Hastings, the
Governor General of Bengal, consolidated the military victo-
ries and established the fact that they were not answerable
to the Mughals.
East India House
Calcutta

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The British justified their rule by claims that there was a
need for Indians to be 'civilized'. They sought to replace
Indian systems with a more reliable method of justice, law
and fair play. There were some religious practices that the
British banned, like 'Sati'.

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Over the next few decades, under the governor-generals,
Dalhousie and Cannin, the British took over even more ter-
ritories. Their excuse was that the rulers of these territories
were corrupt or incapable or that they had no descendents.
Smaller Kingdoms like Sambalpur, Baghat, Jhansi, Nagpur
and Awadh fell into this trap.

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The British could not take over Punjab, as the Sikhs were a
dominant force under King Ranjir Singh. Punjab was safe
from British invasion after his death. After that the British
forces started moving in, bringing an end to the Sikh
Empire. In 1839, the British seized Sindh, Karachi, Sukkur
and Bukkur (all in present-day Pakistan).
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The East India Company – Mocomi.com

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