Share East India Company
Save to Folder
When was the East India Company founded?
1707
1600
1857
Who granted the East India Company its charter?
Queen Elizabeth I
King George III
Queen Victoria
What type of company was the EIC?
Chartered company
Shipping guild
Private bank
What monopoly did the EIC have?
North American mining
Asian trade
European farming
Why is the EIC sometimes called the world’s first multinational corporation?
It operated across continents
It had the most ships in the world
It invented the stock market
What goods did the EIC initially trade?
Spices silk cotton tea opium
Oil cars planes
Coal iron steel
Where were the EIC’s first bases?
Factories in Britain
Small trading posts in India
Ports in Africa
What did profits from trade give the EIC?
Influence
New technology
Independence from Britain
What military force did the EIC develop?
A national navy
A royal guard
A private army
Why did the EIC need a private army?
To guard Queen Elizabeth
To fight pirates in Europe
To protect its trade and expand power
What kind of power did the EIC gain in India?
Political power
Cultural power
Religious power
What is imperialism?
One country extending control over others
People electing governments
A country trading fairly
What is colonialism?
Democracy in action
Building new religions
Settling and exploiting foreign lands
How was the EIC an example of imperialism?
It created equality
It controlled Indian politics and trade
It spread democracy
How was the EIC an example of colonialism?
It settled and exploited Indian resources
It encouraged independence
It improved living standards for all
What was one impact of the EIC on India?
Complete equality
Cultural tensions
Total independence
