On the Indian coasts, English traders set up outposts which would eventually become the cities of Bombay, Madras, and Calcutta. In the early 1600s the East India Company began dealing with the Mogul rulers of India. The East India Company itself was formally dissolved by Act of Parliament in 1874. The East India Company Began to Focus on Importing From India. The Crown also directly appointed the governor-general, or viceroy, and provincial governors in India. Reflecting the growth of British power in India. Rule of the country shifted from the directors of the Company to a Secretary of State for India advised by a council, whose members were appointed by the Crown. However, the Companys commercial monopoly was ended, except for the tea trade and the trade with China. The Company lost all its administrative powers following the Government of India Act of 1858, and its Indian possessions and armed forces were taken over by the Crown. In 1857 the Indians rose in revolt against high-handed and oppressive Company rule – particularly its insensitivity towards their religions – and it took excessively brutal action by the Company's army to regain control of its possessions.įollowing this failure of governance, the British state formally took over the East India Company's rule in India. Although the East India Company had a legal monopoly over all trade and traffic between England and the East Indies, it was clear very early that the monarchy. Successive governors-general – particularly Marquess Wellesley (1798-1805), and the Marquess of Hastings (1813-23) – continued to add territory to the Company's holdings in India through conquest and alliance.īy 1856, with the annexation of Oudh, all the Indian subcontinent up to the Himalayas, and much of Burma, was ruled directly by the Company itself or by local allied rulers.
END OF ENGLISH EAST INDIA COMPANY’S MONOPOLY OVER TRADE WITH INDIA FULL
The 1833 Charter Act invested the Board of Control with full authority over the Company and further increased the power of the governor-general. The Company did this because it actually paid its factors a pittance. But from the very beginning the Company encouraged a violation of this monopoly by allowing its servants to trade on their own and amass personal fortunes. Parliament allowed the Company to maintain its political and administrative duties in India, but the charter of 1813 included a clause asserting the Crown's undoubted sovereignty over all of the Company's territories and required it to open up India to Christian missionaries. By the royal charter, the English East India Company was granted the monopoly of trade in Asia. Its last remaining monopoly over the China tea trade was abolished in 1833. This journal has appeared annually since 1935 except for five different years when the annual sessions of the Indian History Congress could not be held.Those granted in 1793, 1813, 18 successively whittled away the Company's commercial rights and trading monopolies.
Thus there has been a growth of papers on women’s history, environmental and regional history.
The papers included in the Proceedings can be held to represent fairly well the current trends of historical research in India. The journal has constantly taken the view that ‘India’ for its purpose is the country with its Pre-Partition boundaries, while treats Contemporary History as the history of Indian Union after 1947. The British sought and obtained permission for trade from the native chiefs and the Mughal Emperor. With the arrival of the Dutch and the English, in to India, the Portuguese monopoly started declining.
The Portuguese enjoyed trade monopoly over the Arabian Sea till the 17th century. The addresses of the General President and the Presidents of the six sections generally take up broad issues of interpretation and historical debate. The Companys nature evolved dramatically from 1709 when the newly consolidated United Company of Merchants of England trading to the East Indies emerged, to. Europeans to search for an alternative route to India. The British East India Company made great advances at the expense of the Mughal Empire. The annual journal of the Indian History Congress, entitled The Proceedings of the Indian History Congress carries research papers selected out of papers presented at its annual sessions on all aspects and periods of Indian History from pre-history to contemporary times as well as the history of countries other than India. The British East India Company, although still in direct competition with French and Dutch interests until 1763, was able to extend its control over almost the whole of India in the century following the subjugation of Bengal at the 1757 Battle of Plassey.