Home › Forums › Questions and Feedback › Why the East India Company was a private rather than government-owned? › Re: Re: Why the East India Company was a private rather than government-owned?
Ajjey, I am not an expert concerning this field by any means but it seems that these companies, British, Dutch, French, etc, were given Royal charters because the monarchies did not want to take on the gamble that these ventures involved. Specifically, Queen Elizabeth I did not want to put up the money for the ships/expeditions. In fact, it took almost 100 years for the British East India company to become a truely successful venture. I think the short answer to your second question, is that the British government had to take on damage control for the messy situation the company's exploitation of India had created.To get real, in depth, answers to these questions you are going to have to do some reading. I am not sure which books will be best but you can always start with Wikipedia's bibliography.Here is a link to one book that you get free access to the full text on line:https://www.questia.com/library/120076623/the-company-state-corporate-sovereignty-and-the