Charter Act, 1813

Demand of English Traders: The English traders demanded a share in the Indian trade. This demand was particularly in view of loss of trade due to the Continental System of Napoleon Bonaparte who sought to cripple England commercially.

  • End of Company’s Monopoly: By this, the Company was deprived of its commercial monopoly and ‘the undoubted sovereignty of the Crown’ over the possessions of the East India Company was laid down. However, the company was allowed to enjoy the monopoly of trade with China and trade in tea.
  • Assistance to Learned Natives: A sum of Rs.1,00,000 annually was provided for the ....
Do You Want to Read More?
Subscribe Now
To get access to detailed content
Buy February 2023 Issue

Already a Member? Login here

Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material before the last six months of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Be an Annual Subscriber

Related Content

Indian History