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allsm [11]
3 years ago
10

Why were chartered companies important to British imperialism in India?

History
1 answer:
Licemer1 [7]3 years ago
5 0

Answer:

The British East India Company almost had a monopoly on the trade with India. They taxed imports and exports going into and out of India, gaining huge amounts of money. They also restricted certain industries so they didn't rival the British. India was yet another piece of land to add to British control, adding to British power in general.

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