What was the British East India Company? Why was it important?

1. The East India Company was vast and powerful, hiring thousands across the world. ... The company was established for trading, with a royal charter by Queen Elizabeth I granting it a monopoly over the business with Asia.

2. A number of things contributed to the end of the East India Company. It acquired control of Bengal on the Indian subcontinent in 1757, and, as the company was an agent of British imperialism, its shareholders were able to influence British policy there. This eventually led to government intervention.

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