How did the East India Company prevent the Indian?
The company weavers were prevented from dealing with other buyers through a system of advances and loans. Once an order was placed, the weavers were given loans to purchase the raw material for their production.
How did East India Company make large profits?
The merchants put up nearly 70,000 pounds of their own money to finance the venture, and the East India Company was born. The corporation relied on a “factory” system, leaving representatives it called “factors” behind to set up trading posts and allowing them to source and negotiate for goods.
What was EIC 4 marks?
The East India Company (EIC), also known as the Honourable East India Company (HEIC) or the British East India Company and informally as John Company, Company Bahadur, or simply The Company, was an English and later British joint-stock company.
How did the East India Company rapidly rise to power in India?
The Company long held a privileged position in relation to the British Government. As a result, it was frequently granted special rights and privileges, including trade monopolies and exemptions.
How did the British East India Company eventually became the ruler of India What tactics did they adopt to expand their empire?
What tactics did they adopt to expand their empire? Answer: The British came to India as traders. … They dethroned the Indian rulers and took advantage of their rivalries. Slowly and steadily they spread their empire all over India.
What are the two objectives of the East India Company to permanently rule in India?
The East India Company had two major objectives first to acquire exclusive rights to trade from and to India and second to somehow take over the financial resources of the country.