The East India Company (EIC) was an English, and later British, joint-stock company founded in 1600. It was formed to trade in the Indian Ocean region, initially with the East Indies (the Indian subcontinent and Southeast Asia), and later with East Asia. The company seized control of large parts of the Indian subcontinent, colonised parts of Southeast Asia and Hong Kong, and kept trading posts and colonies in the Persian Gulf Residencies.Originally chartered as the "Governor and Company of Merchants of London Trading into the East-Indies", the company rose to account for half of the world's trade during the mid-1700s and early 1800s, particularly in basic commodities including cotton, silk, indigo dye, sugar, salt, spices, saltpetre, tea, and opium. The company also ruled the beginnings of the British Empire in India.The company eventually came to rule large areas of India, exercising military power and assuming administrative functions. Company rule in India effectively began in 1757 after the Battle of Plassey and lasted until 1858 when, following the Indian Rebellion of 1857, the Government of India Act 1858 led to the British Crown assuming direct control of India in the form of the new British Raj.
Despite frequent government intervention, the company had recurring problems with its finances. The company was dissolved in 1874 as a result of the East India Stock Dividend Redemption Act enacted one year earlier, as the Government of India Act had by then rendered it vestigial, powerless, and obsolete. The official government machinery of the British Raj had assumed its governmental functions and absorbed its armies.
1839Jan, 19
The British East India Company captures Aden.
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Events on 1839
- 3Jun
First Opium War
In Humen, China, Lin Tse-hsü destroys 1.2 million kg of opium confiscated from British merchants, providing Britain with a casus belli to open hostilities, resulting in the First Opium War. - 17Jun
Edict of toleration
In the Kingdom of Hawaii, Kamehameha III issues the edict of toleration which gives Roman Catholics the freedom to worship in the Hawaiian Islands. The Hawaii Catholic Church and the Cathedral of Our Lady of Peace are established as a result. - 22Jun
Treaty of New Echota
Cherokee leaders Major Ridge, John Ridge, and Elias Boudinot are assassinated for signing the Treaty of New Echota, which had resulted in the Trail of Tears. - 2Jul
La Amistad
Twenty miles off the coast of Cuba, 53 rebelling African slaves led by Joseph Cinqué take over the slave ship Amistad. - 23Aug
First Opium War
The United Kingdom captures Hong Kong as a base as it prepares for war with Qing China. The ensuing three-year conflict will later be known as the First Opium War.