East India Company Flashcards
1
Q
when was the EIC established?
A
31st December 1600
2
Q
how did the EIC effect trade?
A
trading body for English merchants, specifically to participate in the East Indian spice trade. It later added such items as cotton, silk, indigo, saltpeter, tea, and opium to its wares and also participated in the slave trade.
3
Q
how did the EIC effect the economy?
A
it was key to the advancement in trade in the east and ensured the English were able to compete with other European powers
