Introduction & Formation Flashcards
(14 cards)
Who was the last of the powerful Mughal emperor?
Aurangzeb
When did Aurangzeb die?
1707
Who was the last ruler of Mughal empire?
Bahadur Shah The secondAlso known as Bahadur Shah Zafar
When did a massive rebellion against the British rule broke out?
1857
In which year did the East India company require a charter?
1600
Who gave the east India company a charter?
The ruler of England Queen Elizabeth one
What was the charter given by Queen Elizabeth about?
The charter gave them the sole (right to trade) with the east. This meant that no other trading group in England could compete with the company.
What other benefits did the charter bring for the east India company?
With this charter the company could venture across the oceans looking for new lands from which it could buy goods at a cheap price and carry them back to Europe to sell at higher prices. The company did not have to fear competition from other English trading companies.
What is Mercantile?
A business enterprise that makes profit primarily through trade, buying goods cheap and selling them at higher prices.
How did mercantile trading Company suffice?
Mercantile trading companies in those days made profit primarily by excluding competition, so that they could buy cheap and sell higher.
What was one thing the Royal charter could not prevent?
The Royal charter, however, could not prevent other European powers from entering the eastern markets
Which routes did the first English ships take?
The first English ship sailed down the west coast of Africa around the Cape of Good Hope and crossed the Indian Ocean.
Which was the first European power to establish their presence in India?
Portuguese and their base was in Goa.
Who was the first person to discover the sea route to India and when?
Vascodagama in 1498.
