The British East India Company, originally known as The Governor and Company of Merchants of London Trading into the East Indies, was unique in the fact that it was the only corporation to ever rule a nation. (Landow, “The British East India Company”). The corporation received its start on December 31st 1600 when a group of merchants received a royal charter from Queen Elizabeth for a monopoly on all trade in the East Indies (Lal). The formation of the company marked a difference in trade that was occurring at the time. Previously, all trade with Asia was done by land routes through the Middle East (Landow, “The British East India Company”). This all changed when the Portuguese, under the rule of Prince Henry the …show more content…
Despite the arguments of The British East India Company’s lawyer, John Stuart Mill, the corporation was disbanded (Lal). The India Office in London controlled India directly, working through a Viceroy and reorganized its extensively (Kuah). The army and financial sectors were especially revolutionized to deal with the after effects of the mutiny (“Indian Mutiny”). The Indian colony became known as the Raj and it was ruled in this way until the colony gained its independence in 1947 when it split into the sovereign nations of India and Pakistan