ࡱ> ,.+` jbjb $|c|c.......  ],Rer... ..B4v"...... ) -0].Steen Jensen World History Period 2 June 30, 2005 The British East India Company The British East India Company favored status in India, reinforced the Caste System, and led to the decline of the social and economic status of the Indian people. The Company was a joint-stock company of investors with trade privileges in India. The British East India Company was created for trade in the East on December 31, 1600. In 1657, the East India Company was re-chartered. This was after founding a post at Madras in 1640. Also, they were later given the right to make war and peace with non-Christian powers. They were able to exercise jurisdiction over British subjects in its posts. The Company also had the right to coin money. During the Companys rule, the Indian Caste system was reinforced. The Caste system was a sense of organization to the Indian communities. It keeps the people from getting into conflicts with each other. The five different levels of the Caste system are Brahman, Kshatriya, Vaishya, Shudra, and Harijans. They reinforced it because there was chaos in the country. The social status of the Indian people is reflected by the way they are born in the system. The priests are on the first level called the Brahman. The second level is rulers, warriors, or landowners called the Kshatriya. The third level, called the Vaishya, are merchants. Shudra is artisans, and agriculturalists and are the fourth level of the caste system. The last level, called the Harijan, is outside the caste system and was once known as untouchables. In the 1760s, the Company and its servants took control of Bengal. This reduced both the Company and Bengal to near bankruptcy. The Company, with its growing power in both England and India provoked parliamentary inquiries and greater government control. Lord Cornwallis made basic reforms. He began to transform the Company from a commercial power to an administrative agency. In 1813, the Companys trade monopoly was broken. In 1833 it was virtually abolished. In was abolished in 1858 after the Indian Mutiny and India came under direct rule of Britain. The Royal Charter effectively gave a monopoly on all trade in the East Indies to the newly created British East India Company. The Company switched from being a commercial trading venture to an auxiliary government and military function. They virtually ruled India until its dissolution in 1858 as stated in the previous paragraph. The Company wanted to change India to British India. In 1717, they were given a decided commercial advantage in the Indian trade. In 1757, the Company became a military and commercial power. The British ruled most of the Indian subcontinent. The East India Company occupied and ruled St. Helena. The British East India Company cultivated a production of tea and other products in India. The basis of the Boston Tea Party was due to the Companys products. The demands of Company officers led to a famine. This famine killed millions in 1770-1773. The Company was founded as The Governor of and Company Merchants of London Trading into the East Indies. East India Company ships arrived in Surat, India. Surat was established as a trade transit point in 1608. King James I granted subsidiary licenses to other trading companies in Britain due to the high profits reported by the Company after landing in India. The English decided to explore their options for gaining a foothold in mainland India. James I instructed Sir Thomas Roe to visit the Mughal emperor Jahangir. Under obvious patronage, the Company managed to eclipse the Portuguese who in Goa and Bombay established their bases. They managed to create strongholds in Surat, Madras, Bombay, and Calcutta. The Mughal emperor extended his hospitality to the English traders to the region of Bengal in 1647. Cotton, silk, indigo, saltpeter, and tea were now the Companys mainstay businesses. Tea was their biggest product. To trade tea for silver, the Company set up a trading post in Canton, China, in 1711. Company status enhanced by restoration of monarchy in Britain. The East India Company raised its own armed forces in the 1680s. In the Indian mainland, the Company was considered a nation in 1689. The Company returned to their country and established estates and businesses. They also obtained political power all because of their prosperity that the Company employees enjoyed. Both Companies merged in 1702. The Company sought a permanent establishment. 15 percent of British imports were from India by 1720 and the Seven Years War led to defense of states territorial possessions.  3R ? hchd0hd056>*hd0hcQ $23RSC  ? d`gdd0$a$gdd0gdd0$a$gdd0":pd0/ =!"#$%<@< NormalCJaJmH sH tH DA@D Default Paragraph FontRiR  Table Normal4 l4a (k(No List z z z . $23RSC?  0ˀ0ˀ0ˀ0ˀ0ˀ0ˀ0ˀ0ˀ00 0ˀ000ˀ00ˀ  @ >@ @UnknownGTimes New Roman5Symbol3 Arial (hSXfi mqr4d@XG Steen Jensen computer lab computer lab Oh+'0  8 D P \hpx' Steen Jensenab computer lababNormal computer labab3Microsoft Word 11.1@G@TR@Xَ@)َi G@PICT8b HHb bHH3ڌ3 bb          kZwRR^Vg9^VZJRo{wwww# ckZZkZRcJRg9ZZo{wo{c^^ZZg9wo{s! g9JR^^VcVVc   7o{wswwwwswwwwsw;g9V^V^g9VR^g9 VZg9^cZ^V^Vg9  ]kZwo{ wo{wwo{wswwwswwo{w:kZR^Vg9ZRRVVNskZVZNscZNsRVVg9NskZZkZ^ZZNsg9^ZNsNsZo{VwkZVNsZkZc^ZJR^cVNs^   ]kZwwwwwwswwwswwwwkZwRg9ZRNsg9VVZRZg9Zg9R^Z^ckZNs^ZkZg9R^Z$VNsVZ^cZVZNs^cZNsg9^ZZkZJR^NsZo{VF1^ZZRkZR^  Ao{wwswwwwwkZw?cZNsRVVg9VRZVo{ZNsg9sNsZcVcZNsRVVg9ZkZNskZ^Zg9RZVkZJRZVZ^ZkZ^o{Rc^Zo{VkZVRVkZR^   co{wo{wwo{wwswwo{o{wo{wo{o{wBVg9ZRRVVZg9kZVZNscZNsRVVg9VRZckZ^JR^ZkZZkZZVZ^o{VJR^VVNsZVcVc^NsJR^kZ^kZg9VVVkZV  ]wwsswo{wwo{wwwkZwsswwwwDkZVckZwJR^VVZg9kZVZNscZNsRVVg9VRZkZVcRVZ^kZJRkZRo{ZVRZVkZRkZkZZ^VZNscVZZNsVg9Vg9VZkZVZ  Jwo{wwwwwwwwwo{wNskZV<ZNsZwg9RRVZkZ^kZJR^V^^VJR^kZo{JRg9g9ZNskZVV^VRkZVVZZ^VcJRwZRVZVscRkZR^VV   ;kZwwwwo{wwkZw@ZZVZkZZkZR^g9VZkZJRRRg9Z^kZ^kZcR^o{^^ZRc^ZVZkZ^kZVg9o{^F1Z^Ro{^cNso{Vo{NsZZNsZkZR^  +o{wwwwwwMcZNsRVVg9NsZZRVZg9R^kZZRg9g9ZcZo{VNskZF1^g9   Uo{wo{wwwwwwo{wswkZwo{w