FAQ’s on “Trade-In Bengal by East India Company”
Why was the East India Company granted exclusive trading rights with the East?
Queen Elizabeth I granted the Company a charter in 1600, giving it a monopoly on English trade in the East.
How did the Company Establish its presence in Bengal?
The Company set up its first English factory on the Hugli River in 1651, which served as its operational base.
What were the Company’s objectives in Bengal?
The Company aimed to expand trade and protect its interests by building settlements, obtaining rights over villages, and securing trade privileges.
What challenges did the Company face in Bengal?
The Company faced resistance from local rulers like the Nawab of Bengal, who accused it of deceit and unfair trade practices.
What led to conflicts between the Company and the nawabs of Bengal?
Disputes over trade concessions, taxation, and authority escalated tensions between the Company and the nawabs.
What significant event marked the Company’s rise in Bengal?
The Battle of Plassey in 1757, where the Company defeated the forces of Sirajuddaulah, marked a turning point in its dominance in Bengal.
How did Company officials amass wealth in India?
Company officials like Robert Clive accumulated vast fortunes through gifts from local rulers and trade profits.
Trade in Bengal By East India Company | Class 8 History Notes
Trade-In Bengal by East India Company: According to the syllabus of NCERT Class 8, History – Chapter 2: From Trade to Territory: The Company Establishes Power: With the demise of Aurangzeb, the mighty Mughal Empire began to fracture, paving the way for the rise of regional powers across the Indian subcontinent. In the wake of Aurangzeb’s death in 1707, Mughal governors and influential zamindars started to assert their control, leading to the fragmentation of central authority in Delhi.
This period of political turbulence set the stage for the emergence of a new force on the horizon by the latter half of the eighteenth century. As the Mughal Empire weakened, an entity known as the East India Company began to make its mark, heralding significant shifts in trade, governance, and ultimately, the destiny of the Indian subcontinent.