<em><u>Mughal emperor recognizes the right of the British East India Company to collect taxes on northeast Asia</u></em> <u><em>because they needed the protection of the East India Company (EIC) to preserve the Mughal authority.
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Further Explanations:
East India Company was syndicate of Governor of Great Britain and traders of London Trading association tangled in East Indies. They establishedtheir trade association in India after overpowering the Portuguese and handling concession on trade form Mughals. After fully establishing themselves, they allied with Marathas and other rivals of Mughal, to weaken them and even bribed the generals of the Empire to ruin their administration. Soon they got into the Mughals and hollowed the whole administration.
Soon Mughals realized that they are on the verge of their declination because of these British. Efforts laid by numerous successors didn’t do well and that resulted in the civil war amid the claimers of the throne. These factors helped East India Company to gain supremacy and levied the authority to collect trading rights, collect taxes and also political supremacy.The company continued its monopoly in India until 1857.
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Answer Details-
Grade: High School
Subject: History
Chapter: East India Company
Keywords: East India Company,India, East India, Portuguese, Mughals, Governor of Great Britain, London Trading, Marathas, British, trading rights, collect taxes ,political, supremacy