When was the English East India Company founded?

When was the English East India Company founded?

The Dutch had, at one point of time, controlled most of the spice trade with Indonesia and Moluccas. London, as the other great city of traders was very concerned about this. As the sixteenth century drew to a close, on its very last day, Queen Elizabeth granted permission to a newly formed company to carry on trade in Asia, Africa and America between Cape Cod and the Strait of Magellan. The ships of the East India Company, as it was called, followed the route to the East via Cape of Good Hope. Soon it was as large as the Royal Navy in terms ships and men. The supremacy of the East India Company over India is well known. This continued until 1874, when the Company handed over India to the Crown in Britain.