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Discuss in what way trade monopoly of East India Company was weakened by different Charter Acts passed by the British Parliament.

Topic: Modern Indian history from about the middle of the eighteenth century until the present- significant events, personalities, issues.

2. Discuss in what way trade monopoly of East India Company was weakened by different Charter Acts passed by the British Parliament. (250 words)

Reference: Modern Indian history by Bipin Chandra

Why the question:

The question is from the static portions of GS paper I.

Key Demand of the question:

Discuss the implications and intentions with which Charter Acts were passed so as to weaken the Trade monopoly of the East India Company by the British Parliament.

Directive:

Discuss – This is an all-encompassing directive – you have to debate on paper by going through the details of the issues concerned by examining each one of them. You have to give reasons for both for and against arguments.

Structure of the answer:

Introduction:

Set the context of the question first by discussing the coming of the East India Company and establishment of its monopoly in India.

Body:

Explain how different charter acts diluted the trade monopoly of EIC; Charter Act of 1793: It gave the East India Company a monopoly to trade with East only for a period of 20 years. The Charter Act of 1813; ended the trade monopoly of East India Company in India. Charter Act of 1833; It ended the monopoly in trade with China and the monopoly to trade in tea in India and so on.

Discuss the overall impact.

Conclusion:

Conclude on how the British policies ultimately diluted the monopoly of the Company.