How did the assumption of Diwani benefit the East India Company?
How did the assumption of Diwani benefit the East India Company?
The Mughal emperor, in 1765, appointed the Company’s the Diwan of the provinces of Bengal. The Diwani allowed the Company to exploit the vast revenue resources of Bengal. This solved a major problem that the company had earlier faced. Although its trade had expanded, it had to buy most of the goods in India with gold and silver imported from Britain. The overflow of gold from Britain stopped after the assumption of Diwani. Now revenue from India could finance Company expenses. These revenues they used to purchase cotton and silk textiles in India, maintain Company troops and meet the cost of building the Company fort and offices at Calcutta.
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The Maratha power was crushed in the third Anglo-Maratha war. Tipu Sultan disallowed local merchants from trading with the Company.
5 years ago
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What is it? (ii) Where is it kept? (iii) When did the British take it way?
5 years ago
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Identify the person above. (ii) When was he appointed the Governor of Bengal?
5 years ago
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They have enticed several merchants and others to go and take protection under them. (i) What intention did the English traders show initially?
5 years ago
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How did the East India Company begin to trade in Bengal?
5 years ago
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