Formation Flashcards
(17 cards)
What is mercantilism?
A business enterprise that makes profit mainly through trade buying goods cheap and selling them for higher prices.
In which year did the company acquire a charter from the ruler of England?
1600
Who was the ruler of England?
Queen Elizabeth 1
What was the company of British called?
British East India company
How did the British enter India, through which routes?
The British sailed down the West Coast of Africa, around the Cape of Good Hope and crossed the Indian Ocean.
Which was the first European power that entered India and who was the first person?
It was the Portuguese, Vascodagama.
Where did the Portuguese establish their base?
The Portuguese had already established their presence in Western coast of India and established their base in Goa.
When did Vascodagama come to India?
1498
In which order did the European powers come to India?
The Portuguese came first, then Dutch, then French and lastly British.
Who was Vascodagama?
Vascodagama was a Portuguese explorer who was the first European to come to India in fact he was the one who discovered the sea route to India in 1498.
Which was some of the main things traded?
Cotton silk, spices, pepper, cloves, cardamom, cinnamon.
Which was some of the ways through which the European powers tried to eliminate each other?
The urge to secure markets, therefore led to severe and fears battles between the trading companies. They regularly sank each other’s ships, blockaded routes and provided the rival ships from moving with supplies of goods. Trade was carried on with arms and trading post were protected through Fortification. The effort to fortify trading pasts and carry on profitable trades also led to internal conflict with rulers.
Why was Mercantilism important?
Mercantilism played the most vital part in encouraging establishment of colonies. The scramble for colonies eventually led to many wars among the European powers in the 17th and 18th century.
In which year did the Portuguese East India company established their trading center and where?
In 1498 first in Cochin later in Goa.
In which year did the English east India company established their trading center and where?
In 1600 Surat, Bombay(Mumbai), Calcutta(Kolkata), Madras(Chennai).
In which year did the Dutch East India company established their trading center and where?
In 1602, Pulicat, Nagapattinam, Masoolipattanam.
In which year did the French East India company established the trading Centre and where?
In 1664, Surat, Pondicherry
