James Lancasters the name recommends, the Company's modest inceptions were as a little gathering of speculators and agents hoping to profit by these new exchanging openings. Their first endeavor left for Asia in 1601 with four boats summoned by James Lancaster (envisioned to one side). The campaign returned two years after the fact with a payload of pepper weighing very nearly 500 tons! James Lancaster was properly knighted for his administration.
Despite the fact that these underlying voyages ended up being to a great degree beneficial for the investors, expanded rivalry in the mid-1600s made exchanging significantly more troublesome. Wars, privateers and lower overall revenues constrained the Company to develop into new markets where rivalry was less savage. It was amid this time the Company additionally concluded that it couldn't rival the all the more great Dutch East India Company in the exchanging of flavors, so all things considered directed its concentration toward cotton and silk from India.
This technique seemed to pay off, as by the 1700s the Company had developed so huge that it had come to command the worldwide material exchange, and had even amassed its own armed force keeping in mind the end goal to ensure its interests. The vast majority of the powers were based at the three primary 'stations' in India, at Madras, Bombay, and Bengal.
Despite the fact that the powers of the East India Company were at first just worried about ensuring the immediate interests of the Company, this was to change with the Battle of Plassey in 1757. Looked with a neighborhood uprising drove by Siraj Ud-Daula (with some French help!), the Company's armed force drove by Robert Clive immediately crushed the radicals. In any case, this was to be a defining moment for the Company and the next years saw it take full regulatory controls over its domains, including the privilege to charge anybody living inside its limits.
Despite the fact that the 1600s and mid-1700s saw the East India Company fundamentally centered around the exchange of materials, by the mid-eighteenth century the Company's exchanging designs started to change. The purposes behind this were two-overlap.
Right off the bat, the mechanical transformation had changed the way that the Company managed the materials exchange. Before this, profoundly gifted weavers were utilized in India to make cotton and silks by hand. These light, brilliant and simple to wear pieces of clothing were well known among the fashionistas and high societies of Britain.
When of the Industrial Revolution, Britain had begun delivering these articles of clothing in its own manufacturing plants, significantly bringing down costs and carrying the designs into the compass of the white-collar classes.
The second explanation behind this adjustment in exchanging designs was the developing want in Europe for Chinese tea. This was a conceivably monstrous market for the Company, yet was kept down by the way that the Chinese just exchanged their tea for silver. Lamentably Britain was on the best quality level at the time and needed to import silver from mainland Europe, influencing the entire tea to exchange monetarily unviable.
Mr. Perry's Dock Blackwall
The East India Company didn't really claim a considerable lot of the boats in its armada. It leased them from privately owned businesses, a significant number of which were based at Blackwall in East London. The photo above is of Mr. Perry's Yard, which additionally constructed ships for the British naval force.
So how did the East India Company make its fortune in Chinese tea?
To put it plainly, through illicit medications! The Company began empowering opium generation in its Indian regions, which it at that point provided for private shippers to be sold to China. The duty incomes from this subsidized a great part of the Company's productive tea business.
Tragically this infringed upon Chinese law, in spite of the fact that it was endured by the experts for a decent 50 years until the point that the exchange adjust tumbled to such a point, to the point that the Chinese couldn't stand to give it a chance to proceed. This reached a critical stage in 1839 when the Chinese requested that all opium stock be given over to its legislature for pulverization. This, at last, prompted the Opium Wars.