Answer:
The East India Company was chartered by royal decree, and its purpose was to promote trade with India and China and force the natives to learn English.
Explanation:
The British East India Company was a privileged company formed in September 1599 by a group of English entrepreneurs with the purpose of engaging in trade with the East Indies, thus ending the monopoly exercised by Dutch companies on the lucrative trade in spices.
At the end of 1600 it obtained from the Queen Elizabeth I of England the Royal Charter that granted it the exclusive permission to practice trade with the East Indies for 15 years; It was the first company of its kind in Europe. The first 22 years it worked as a regulated commercial enterprise in which each member risked their own capital and in which the membership was not restricted. Gradually, after 1612, it was transformed into a limited company. Rich merchants and aristocrats owned shares in the company. The English government had no shares, but exercised indirect control over it.
Originally chartered to trade with the East Indies, the company grew to represent half of world trade, particularly with commodities that included cotton, silk, indigo dye, salt, saltpeter, tea and opium. Finally the company ended up trading mainly with the Indian subcontinent and with the Qing dynasty of China.
