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Unformatted text preview: The English East I ndia Company (EIC) Introduction • Chartered company • Heart of British commercial and imperial activity in East for more than 250 years • Asian trade: pepper, saltpeter, cotton, silk, indigo, jute, porcelain, tea and opium • Linked Britain and Asia: laid foundation for British Empire in East • Dependant on British state for renewal of its charter • Early multinational o Multinational: a company that operates in several countries Offices/factories in several nations & a head office coordinating the company’s operations Establishment in Organization • established 1600 by Queen Elizabeth I ‘The Governor & Company of Merchants of London Trading into East Indies’ • Trade monopoly between Britain and East (both Africa and Asia) • Joint-stock form (but not permanent) o I t had shareholders, pulled capital and placed it under a common management • Each voyage that the company made was considered a separate business deal Complex & Modern Structure:...
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- Spring '10
- Elizabeth I of England, British Raj, Bengal, Bri tain