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The British East India Company, popularly known as "John Company", was founded by a Royal Charter of Queen Elizabeth I on December 31, 1600. Over the next 250 years, it became one of the most powerful commercial enterprises of its time.

The British East India Company's business was centered on India, where it also acquired auxiliary governmental and military functions which came to overshadow its commercial activities. India was often referred to as the "Jewel in the Crown". Literally, one of the world's largest diamonds, the Koh-i-Noor, was found in India, and is currently a part of the Crown Jewels of the United Kingdom; figuratively, India was the most valuable country that the British ruled until its independence in 1947.


As Adam Smith wrote, "The difference between the genius of the British constitution which protects and governs North America, and that of the mercantile company which oppresses and domineers in the East Indies, cannot perhaps be better illustrated than by the different state of those countries."

The company's flag has a St. George's Cross in the corner, and the stripes possibly inspired the Stars and Stripes.

1 Impact

Based in Leadenhall Street, London, the company influenced all continents: it presided over the creation of British India, founded Hong Kong and SingaporeThe Republic of Singapore ( Chinese , pinyin: Xinjiapo Gonghegu Malay Republik Singapura Tamil , Cingkappur Kudiyarasu , is an island city-state in Southeast Asia, at latitude 1°17'35"N longitude 103°51'20"E, situated on the southern tip of Malay Peninsul, employed Captain Kidd to combat piracy, established the cultivation of teaThis article is about the beverage. For alternative meanings, see tea (disambiguation). Tang Dynasty ( 618- 907). Tea is a caffeinated beverage, an infusion made by steeping the dried leaves or buds of the shrub Camellia sinensis in hot water. In addition in India, held Napoleon captive on Saint HelenaFor alternate uses, see Saint Helena (disambiguation). Saint Helena is an island in the Atlantic Ocean 2,800 km off the west coast of Africa belonging to the United Kingdom. It is also the name of this island together with Ascension, Gough Island, Inacces and made the fortune of Elihu YaleElihu Yale ( April 5, 1649 July 8, 1721), was the first benefactor of Yale University. His ancestry can be traced to a family of North Wales, and the name Yale is the English spelling of the Welsh place name, Ial. Born in Boston, Yale moved to England, wi. Its products were the subject of the Boston Tea PartyThe Boston Tea Party was a political protest by Boston, Massachusetts residents against the British parliament. It is one of the key national myths of the founding of the United States and a key point in the American revolution. The 1765 Stamp Act and the.

The East India Company's flag, with a St. George's Cross in the corner and stripes, probably inspired the Stars and Stripes (as argued by Sir Charles Fawcett in 1937). [1] Comparisons between the Stars and Stripes and the Company's flag from historical records present some convincing arguments. The John Company flag dates back to the 1600's whereas The United States adopted the Stars and Stripes in 1777.[2]

Its shipyards provided the model for St. Petersburg, elements of its administration survive in the Indian bureaucracy, and its corporate structure was the most successful early example of a joint stock company. However the demands of Company officers on the treasury of Bengal contributed tragically to the province's incapacity in the face of a famine which killed millions in 1770.





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