Friday, 13 September 2013
Impact of the highly improbable – Part 4
As said in my
previous post, the decline of Mughal dynasty and finally its fall cannot be
seen separately from the rise and end of British East India Trading Company which entered the soils
of
The British
East India Trading Company was formed initially for pursuing trade with the
East Indies, but it ended up trading mainly with the Indian subcontinent and
Commonly
styled the “The Honourable East India Company, and abbreviated, HEIC; the Company
was colloquially referred to as John Company, and in
The East India
Company traded mainly in cotton, silk, indigo dye, salt, tea, and opium.
The Company
long held a privileged position in relation to the British Government. As a result, it was frequently granted
special rights and privileges, including trade monopolies and exemptions.
The above does
sound good for the company at the outset but it was a hidden black swan. The
privilege was more of a bane than a boon for the company, though it never
realized at that point of time.
The unique
privilege given by the British Government to the company caused resentment
amongst its competitors, who saw unfair advantage in the Company's position.
Despite this resentment, the Company remained a powerful force for over 250
years.
This was how
the Colonial India looked at that time. The British Indian Empire: (Source: Wikipedia)
This was the
company’s flag after 1801 (Source: Wikipedia)
Let us now see how the company entered
English
traders frequently engaged in hostilities with their Dutch and Portuguese
counterparts in the
The Company
decided to explore the feasibility of gaining a territorial foothold in
mainland
In 1612, Sir
Thomas Roe was instructed by James I to visit the Mughal Emperor Nuruddin Salim
Jahangir (r. 1605 - 1627) to arrange for a commercial treaty which would give
the Company exclusive rights to reside and build factories in
This mission
was highly successful as Jahangir sent a letter to James through Sir Thomas Roe.
When he
accepted the treaty for granting exclusive rights he never realized that it
would change the frontiers of the empire he ruled. It was not a single Black
Swan which the Mughals ignored. It was a flock which merrily entered the Mughal
Empire and went ahead undisturbed to shake its foundation.
The following
are some of the black swans which we can identify looking back
1.
The Company, benefiting from the imperial patronage,
soon expanded its commercial trading operations. The Mughals never noticed the
dangerous growth of the company as a threat.
2.
The status of the Company was further enhanced by the
restoration of monarchy in
3.
The Child’s War
Wondering what
is Child’s War. The child’s war was indeed not a child’s play.
It was the
oldest of wars fought by the British in the Indian Soils. It lasted for 4 years
from 1686 – 1690.
Though the War
itself may not be a popular one, it was a very significant black swan which was
the root cause for the shift in Empire.
Who fought and
who won? Why an insignificant war became so significant?
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