The English East India Company (EIC or EEIC), later to become the British East India Company, was founded in 1600 as a trading company. With a massive private army and the backing of the British government, the EIC looted the Indian subcontinent from 1757 until anarchy necessitated that government step in and take over EIC possessions in 1858. The EIC was the means by which Britain conducted its imperialistic policies in Asia, and it made millions through its global trade in spices, tea, textiles, and opium. It was criticized for its monopolies, harsh trading terms, …
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