The East India Company (EIC) was an English trading company, which traded with the Indian subcontinent. In order to carry out commercial activities from certain areas in India, the company arranged for a treaty with the Mughal emperor Jahangir in 1612. This was accomplished in exchange for the promise of gifts and rarities from the European market to the emperor. Once it got a foothold, the Company did not limit itself to commercial activities but embarked on territorial and military expansion in India. They were aided by the greed of some Indian rulers and the rivalries between them. The Indian rulers slowly started losing their autonomy, and by 1773 the EIC was directly involved in the governance of India. This private company with its own army and judiciary ruled India till 1858. During the Company rule, besides losing autonomy, affluent regions of India became impoverished. One will of course wonder why the Indian rulers allowed themselves to be lured into losing so much in return for something which started as gifts from the European market. Did they not know that it would have been preferable to curb their greed and rivalries?
Saturday, June 6, 2015
East India Company and the Lesson for Happiness
The East India Company (EIC) was an English trading company, which traded with the Indian subcontinent. In order to carry out commercial activities from certain areas in India, the company arranged for a treaty with the Mughal emperor Jahangir in 1612. This was accomplished in exchange for the promise of gifts and rarities from the European market to the emperor. Once it got a foothold, the Company did not limit itself to commercial activities but embarked on territorial and military expansion in India. They were aided by the greed of some Indian rulers and the rivalries between them. The Indian rulers slowly started losing their autonomy, and by 1773 the EIC was directly involved in the governance of India. This private company with its own army and judiciary ruled India till 1858. During the Company rule, besides losing autonomy, affluent regions of India became impoverished. One will of course wonder why the Indian rulers allowed themselves to be lured into losing so much in return for something which started as gifts from the European market. Did they not know that it would have been preferable to curb their greed and rivalries?
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