Charter Act of 1793: It gave the East India Company a monopoly to trade with East only for a period of 20 years. It ended the trade monopoly of East India Company in India.
Explanation:
But the company’s monopoly to trade in tea with India and trade with China was kept intact.
Trade in India in all the commodities except tea was thrown open to all British subjects.
Charter Act of 1793: It gave the East India Company a monopoly to trade with East only for a period of 20 years. It ended the trade monopoly of East India Company in India. But the company's monopoly to trade in tea with India and trade with China was kept intact.
Answers & Comments
Answer:
Charter Act of 1793: It gave the East India Company a monopoly to trade with East only for a period of 20 years. It ended the trade monopoly of East India Company in India.
Explanation:
But the company’s monopoly to trade in tea with India and trade with China was kept intact.
Trade in India in all the commodities except tea was thrown open to all British subjects.
Answer:
Charter Act of 1793: It gave the East India Company a monopoly to trade with East only for a period of 20 years. It ended the trade monopoly of East India Company in India. But the company's monopoly to trade in tea with India and trade with China was kept intact.
Explanation:
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