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The British East India Company was the main source of trade between the east and Britain for more that 200 yearsI chose to do my research paper on the British east India Company The British east India Company was the most important of the various East India companies this company was a major force in the history of India for more than 200 years Queen Elizabeth I granted the original charter on December 31 1600 under the title of The Governor and Company of Merchants of London Trading into the East Indies The company was granted a monopoly of trade in the East Indies with the formal restriction that it might not contest the prior trading rights of any Christian prince A governor and 24 directors chosen from its stockholders managed the company In early voyages the company penetrated as far as Japan and in 1610 and 1611 its first factories or trading posts were established in India in the provinces of Madras and Bombay Under a perpetual charter granted in 1609 by King James I the company began to compete with the Dutch trading monopoly in the Malay Archipelago but after the massacre of Amboina the company conceded to the Dutch the area that became known as the Netherlands East Indies Its armed merchantmen however continued sea warfare with Dutch French and Portuguese competitors In 1650 and 1655 the company joined rival companies that had been incorporated under the Commonwealth and Protectorate by Lord Protector Oliver Cromwell In 1657 Cromwell ordered it reorganized as the sole joint-stock company with rights to the Indian trade During the reign of Charles II the company acquired sovereign rights in addition to its trading privileges In 1689 with the establishment of administrative districts called presidencies in the Indian provinces of Bengal Madras and Bombay the company began its long rule in India Traders who were not members of the company and were not licensed by
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