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Wednesday, June 3, 2020
On This Day

December 31, 1600

The British East India Company is chartered. The East India Company was an early English joint-stock company that was formed initially for pursuing trade with the East Indies, but that ended up trading mainly with the Indian subcontinent and China. The Company was granted an English Royal Charter, under the name “Governor and Company of Merchants of London Trading into the East Indies”, by Elizabeth I on 31 December 1600, making it the oldest among several similarly formed European East India Companies, the largest of which was the Dutch East India Company. After a rival English company challenged its monopoly in the late 17th century, the two companies were merged in 1708 to form the “United Company of Merchants of England Trading to the East Indies”, commonly styled the Honourable East India Company, and abbreviated, HEIC; the Company was colloquially referred to as John Company, and in India as Company Bahadur.
East India Company
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