The East India Company

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  • The Founding
  • "I'll have Madras"
  • "Anyone fancy Indian?"
  • The Renewal
  • I give permission for you to dominate the locals then try to claim the area as yours
  • The East India Company is founded in 1600. Its main objective was to contest Spanish and Portuguese control of the spice trade in the East Indies. It had £68,000 trading capital for it's first voyage, with its ships reaching India in 1608.
  • In 1657 the Company had its charter renewed by Cromwell. The joint stock system it was reorganised as gave it a much more durable basis. This time the capital was £740,000, 2% of the country's national income.
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