East India company
In the sixteenth century the English started trade with the east. The English had to pay high prices for goods bought from the east. Lured by the Portuguese profits the English too wished to have their share of wealth and profits. Attaining power in this area would result in getting goods at prices they decide. Besides this the defeat of the Spanish Armada had made England the mistress of the seas. In 1500 a group of merchants under the Chairman ship of Lord Mayor formed an association in London to trade with India. In 1600 Queen...
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11 years ago