The east indian compagny
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The east indian compagnie
Indroduction
- The city of London : center of economic and commercial activity, positioned as Europe's stock exchange
- One of the most important compagnies due to its position as defender of the British crown : armies, de facto state government of the entire subcontinent wich is India.
- The logo of the east Indian compagnie : Coat of Arms by HM Queen Elizabeth I : a symbol of trust. We can observe two sea lions and waving St. George pennants, supporting a shield featuring ships and roses.
- The ships : open sails facing to the east (God’s help)
- The roses : England
- Royal family coat of arms : symbol of loyalty
- At the top there is a blue globe, signifying the world.
- The Company’s motto “Deus Indicat. Deo Ducente Nil Nocet”, meaning “God is our leader. When God leads, nothing can harm.”
Operation of the East Indian compagnie
As a join stock compagnie :
- purchase of shares by shareholders, who can then sell them
- shareholders earn money if the company does well
- Possibilitie of putting pressure on the government, since its shareholders are close to the royal family.
- the company's stability is not guaranteed, as the stock market fluctuates rapidly
Interest of the charter (granted by the queen in December sixteen hundred)
- Commercial monopoly : all other compagnies are considered illegal, which reduces the number of rivals.
- Legal Authority in the English colonies
- Colonial expansion : Indian Company lands protected by English army
- Economic importance : the company became famous and aristocrats supported it
- Right to collect taxes
Map with Elisabeth II
- Sir James Lancaster took command of five of the company's ships in 1601: founder
A rich and powerful company
Main ressources :
- cotton, silk,indigo dye,sugar, salt, spices, saltpetre, tea, and later, controversially, opium
- these resources are rare and highly prized: spices, for example, are very expensive
Slave trade
- Beginning in the early 1620s, the East India Company started using slave labor.
- From Africa to Europe
- Exploitation and Impact : role :preventing England from being accused of slavery, already strongly condemned by the Church
The east Indian company trough ages
- Creation by HM Helisabeth I
- Swally : against Portugal, the Company won the favor of the Mughal emperor Jahangir.
- seven years' war: against france - final victory at Plasey, enabling the establishment of trading posts. Robert Clive : general of the company's army
- Anglo-Mysore wars from 1766 to 1799 and Anglo-Maratha wars from 1772 to 1818.
- End of the company in 1874 due to illegal traffic
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