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British East India Company |
Also found in: Wikipedia, Hutchinson | 0.10 sec. |
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British East India Company: see East India Company, British East India Company, British, 1600–1874, company chartered by Queen Elizabeth I for trade with Asia. The original object of the group of merchants involved was to break the Dutch monopoly of the spice trade with the East Indies. ..... Click the link for more information. . |
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| The British East India Company and other royal franchises were the greatest single influence over the government budget and the Bank of England. In May 1773, the British Parliament passed the Tea Act to help the British East India Company get out of debt. It was the rise of the modern nation state in the sixteenth century that introduced big government to centralize the tax system and thus raise enough money to subsidize the new worldwide trading organizations, like the Dutch East India Company and the British East India Company. |
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British East India Company