The British East India Trading Company was a joint-stock company that held a high and favored position with the British government. A. TrueB. False

Question

Kasey Murray

Social Studies

22 August, 04:05

The British East India Trading Company was a joint-stock company that held a high and favored position with the British government. A. TrueB. False

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Answers (1)

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Martha Rollins · Answer 1

It is true that the British east India Trading Company was a joint-stock company that held a high and favored position with the british government.

Explanation:

The British East India Trading Company had indeed since it's beginnings a favored position with the British government. Lord Macauly said once that it was a very influential party in the Government and aristocrats circles. Also, Queen Elizabeth, I provided them very solid means to work in the form of support and a Royal Charter.

Also, the company won the right to develop the expansion of the British Empire in the sub-Indian Continent. Because they made so much trading they amazed large amounts of wealth. As well as the built of an army twice the size of the royal army. That lets them install their power over the lands.