Question
Download Solution PDFUnder the Charter Act of 1833 in British India, the East India Company’s monopoly on trade with which of the following countries was abolished?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFKey Points
- Under the Charter Act of 1833, the East India Company's monopoly on trade with China was abolished.
- The Charter Act of 1833 marked a significant change in the commercial and administrative policies of the British East India Company in India.
- The Act allowed other British merchants to trade with China, which was previously restricted to the East India Company.
- This change was a part of the broader move towards free trade and the reduction of monopolistic practices.
Additional Information
- The Charter Act of 1833 also centralized the administration of British India by appointing the Governor-General of Bengal as the Governor-General of India.
- It aimed at introducing a uniform legal system and lawmaking process in India.
- The Act also provided for the inclusion of Indians in the legislative process, although in a limited capacity.
- It was one of the steps towards the eventual establishment of British colonial rule in India.
- The Act facilitated the transformation of the East India Company from a commercial entity to an administrative and governing body.
Last updated on Jun 17, 2025
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