The East India Company (EIC) was an English, and later British, joint-stock company founded in 1600 and dissolved in 1874. 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. At its peak, the company was the largest corporation in the world. The EIC even had its own armed forces in the form of the company's three Presidency armies, totalling about 260,000 soldiers, twice the size of the British army. The operations of the company had a profound effect on the global balance of trade, almost single-handedly reversing the trend of eastward drain of Western bullion, seen since Roman times.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.
The American Revolutionary War (April 19, 1775 – September 3, 1783), also known as the Revolutionary War or American War of Independence, secured a United States of America independent from Great Britain. Fighting began on April 19, 1775, followed by the Declaration of Independence on July 4, 1776. The American Patriots were supported by France and Spain, conflict taking place in North America, the Caribbean, and Atlantic Ocean. It ended on September 3, 1783 when Britain accepted American independence in the Treaty of Paris, while the Treaties of Versailles resolved separate conflicts with France and Spain.Established by Royal charter in the 17th and 18th centuries, the American colonies were largely autonomous in domestic affairs and commercially prosperous, trading with Britain and its Caribbean colonies, as well as other European powers via their Caribbean entrepôts. After British victory in the Seven Years' War in 1763, tensions arose over trade, colonial policy in the Northwest Territory and taxation measures, including the Stamp Act and Townshend Acts. Colonial opposition led to the 1770 Boston Massacre and 1773 Boston Tea Party, with Parliament responding by imposing the so-called Intolerable Acts.
On September 5, 1774, the First Continental Congress drafted a Petition to the King and organized a boycott of British goods. Despite attempts to achieve a peaceful solution, fighting began with the Battle of Lexington on April 19, 1775 and in June Congress authorized George Washington to create a Continental Army. Although the "coercion policy" advocated by the North ministry was opposed by a faction within Parliament, both sides increasingly viewed conflict as inevitable. The Olive Branch Petition sent by Congress to George III in July 1775 was rejected and in August Parliament declared the colonies to be in a state of rebellion.
Following the loss of Boston in March 1776, Sir William Howe, the new British commander-in-chief, launched the New York and New Jersey campaign. He captured New York City in November, before Washington won small but significant victories at Trenton and Princeton, which restored Patriot confidence. In summer 1777, Howe succeeded in taking Philadelphia, but in October a separate force under John Burgoyne was forced to surrender at Saratoga. This victory was crucial in convincing powers like France and Spain an independent United States was a viable entity.
France provided the US informal economic and military support from the beginning of the rebellion, and after Saratoga the two countries signed a commercial agreement and a Treaty of Alliance in February 1778. In return for a guarantee of independence, Congress joined France in its global war with Britain and agreed to defend the French West Indies. Spain also allied with France against Britain in the Treaty of Aranjuez (1779), though it did not formally ally with the Americans. Nevertheless, access to ports in Spanish Louisiana allowed the Patriots to import arms and supplies, while the Spanish Gulf Coast campaign deprived the Royal Navy of key bases in the south.
This undermined the 1778 strategy devised by Howe's replacement, Sir Henry Clinton, which took the war into the Southern United States. Despite some initial success, by September 1781 Cornwallis was besieged by a Franco-American force in Yorktown. After an attempt to resupply the garrison failed, Cornwallis surrendered in October, and although the British wars with France and Spain continued for another two years, this ended fighting in North America. In April 1782, the North ministry was replaced by a new British government which accepted American independence and began negotiating the Treaty of Paris, ratified on September 3, 1783.
1773Oct, 14
Just before the beginning of the American Revolutionary War, several of the British East India Company's tea ships are set ablaze at the old seaport of Annapolis, Maryland.
Choose Another Date
Events on 1773
- 10May
Tea Act
The Parliament of Great Britain passes the Tea Act, designed to save the British East India Company by granting it a monopoly on the North American tea trade. - 17Jun
Juana Rangel de Cuéllar
Cúcuta, Colombia, is discovered by Juana Rangel de Cuéllar. - 14Oct
Commission of National Education
The first recorded Ministry of Education, the Commission of National Education, is formed in the Polish-Lithuanian Commonwealth. - 14Oct
British East India Company
Just before the beginning of the American Revolutionary War, several of the British East India Company's tea ships are set ablaze at the old seaport of Annapolis, Maryland. - 16Dec
Boston Tea Party
American Revolution: Boston Tea Party: Members of the Sons of Liberty disguised as Mohawk Indians dump hundreds of crates of tea into Boston harbor as a protest against the Tea Act.