FROM TRADE TO TERRITORY(2) Flashcards
is to master the topic/chapter using these flashcards (113 cards)
When did the East India Company receive its charter?
n 1600, from Queen Elizabeth I.
What advantage did the charter give the East India Company?
It granted them a monopoly over trade with the East.
Who discovered the sea route to India?
Vasco da Gama in 1498.
What were the main goods traded from India?
Cotton, silk, pepper, cloves, cardamom, and cinnamon.
Why did European companies fight each other?
To eliminate competition and control trade.
How did the East India Company ensure higher profits?
By eliminating competition, buying goods cheaply, and selling them at higher prices in Europe.
Why couldn’t the English monopoly prevent other European traders?
The Portuguese, Dutch, and French also sought trade in the Indian Ocean, leading to competition.
How did the Portuguese establish early dominance in India?
They controlled trade routes and had a base in Goa by the early 1500s.
How did competition affect the price of Indian goods?
Demand from multiple European companies pushed prices up, reducing profits.
How did European trading companies fight for control?
They attacked ships, blockaded trade routes, and prevented rivals from obtaining supplies.
What strategies would help you succeed?
Imagine you are a European trader in the 17th century. You want to trade in India, but the East India Company and other European powers are competing fiercely. How will you secure a foothold in this market?
2+1 (2for ans 1 for small note)
To succeed, I would form alliances with local Indian rulers, establish fortified trading posts, and negotiate better deals with suppliers. I would also hire private security to protect my goods from attacks by rival companies and explore alternative trade routes to avoid blockades.
European traders built forts and formed alliances to protect their trade from rivals, shaping future colonial rule.
When and where was the first English factory established in India?
In 1651, on the banks of the river Hugli.
What term was used for the East India Company’s traders in the 17th century?
They were known as “factors.”
What privilege did Emperor Aurangzeb grant the East India Company?
The right to trade duty-free.
How did the East India Company expand its settlement around the Hugli factory?
By persuading merchants and traders to settle near the factory and building a fort around the settlement by 1696.
How did Company officials misuse Aurangzeb’s farman for personal gain?
While the farman allowed the Company to trade duty-free, officials used it to conduct private trade without paying duties, which led to revenue losses for Bengal.
How did the East India Company’s actions in the 17th century threaten Mu
Imagine you are a Mughal official in the 17th century witnessing the growing power of the East India Company. What concerns might you have about their increasing control over trade and land?
The Company bribed officials to secure land rights, built forts, and avoided paying duties, undermining local authority and causing a revenue loss for Bengal. This raised concerns about their growing power and influence, which could disrupt Mughal rule.
The Company’s strategic manipulation of Mughal privileges played a significant role in their eventual control of key regions, leading to long-term colonial dominance.
What was the main reason for the conflict between the East India Company and the Nawab of Bengal?
The Company officials engaged in private trade but refused to pay the required duties, which caused a significant loss of revenue for Bengal. This led to growing tension and resentment from the Nawab of Bengal, Murshid Quli Khan.
What actions did the East India Company take to protect and expand its trading interests in India?
The Company built a fort around its settlement and secured political privileges such as trading duty-free rights. They used these advantages to monopolize trade and increase their influence in the region.
How did the East India Company’s actions in the 17th century threaten Mu
Imagine you are a Mughal official in the 17th century witnessing the growing power of the East India Company. What concerns might you have about their increasing control over trade and
2+1 :)
The Company bribed officials to secure land rights, built forts, and avoided paying duties, undermining local authority and causing a revenue loss for Bengal. This raised concerns about their growing power and influence, which could disrupt Mughal rule.
The Company’s strategic manipulation of Mughal privileges played a significant role in their eventual control of key regions, leading to long-term colonial dominance.
How did the East India Company expand its influence in Bengal?
The Company bribed Mughal officials to gain zamindari rights over three villages, including Kalikata, which became Calcutta (Kolkata).
What was the main reason for the conflict between the East India Company and the Nawab of Bengal?
The Company officials engaged in private trade but refused to pay the required duties, which caused a significant loss of revenue for Bengal. This led to growing tension and resentment from the Nawab of Bengal, Murshid Quli Khan.
What actions did the East India Company take to protect and expand its trading interests in India?
The Company built a fort around its settlement and secured political privileges such as trading duty-free rights. They used these advantages to monopolize trade and increase regional influence.
Who was the first Nawab of Bengal to challenge the East India Company’s growing power?
Murshid Quli Khan.👾