(14) EAST INDIA COMPANY (1600 – 1874)

It’s strange to think that most of the heavy lifting of the British Empire in India was done not by the British Crown or government, but by a company – indeed, to the extent that the British Empire in India was effectively that company. But what a company!

That is of course the East India Company – the British East India Company that is, not the Dutch East India Company or one of the other prolific East India Companies established in Europe (Danish, Portuguese, Genoese, French, Swedish and Austrian).

At its peak, the British East India Company was the largest company in the world and accounted for half the trade in the world.

So yes, you might say, that’s big – reflecting that they started with a Crown charter giving them a monopoly on English trade east of Cape of Good Hope and west of the Straits of Magellan – but it was just a company doing company things like trade, wasn’t it?

Well, for the East India Company, company things included having its own armed forces, including its own navy – the Bombay Marine – and three ‘presidency’ armies – the Bengal Army, the Madras Army and the Bombay Army – “totalling about 260,000 soldiers, twice the size of the British army at the time”.

They also included that the company “eventually came to rule large areas of present day Bangladesh, Pakistan and India, exercising military power and assuming administrative functions”, either directly or indirectly through “princely states tied to it by treaty”.

That was particularly so after the Battle of Plassey – the Anglicized form of Palashi or Polashi – when the Company, under the leadership of the famous Robert Clive or “Clive of India”, won against the Nawab of Bengal and the Nawab’s French allies in 1757.

However that all fell apart literally a century later, with the Indian or Sepoy Rebellion of 1857-1858, named for the sepoys that were the mainstay of the East India Company’s power – “locally raised, mostly Muslim, western trained and equipped soldiers that changed warfare in present day South Asia…a few thousand company sepoys, time and again, took on vastly superior Mughal forces numerically and came out victorious”.

Following this rebellion, the British Crown effectively took over the East India Company in India (by the Government of India Act 1858) – “assumed its governmental functions and absorbed its armies” – although the company survived as a financial shadow of its former self until it was formally dissolved (by the East India Stock Redemption Act 1874).

The Company also had its hand in Asia beyond the Indian subcontinent, not least competing with the Dutch for spice from Indonesia – and trading opium to China, prompting the Opium Wars.

“Wait – it’s all companies?”

“Always has been.”

As I said, it is strange to think of a company as the vanguard of British imperialism in India, but it might be observed how often that was the case in Western imperialism – and indeed, some might observe even more so for Western neo-imperialism. United Fruit and banana republics, anyone?

But yes – it was deeply ingrained in the DNA of European or Western imperialism that much of it was effectively private entrepreneurial rather than public governmental. That is, it was done by private individuals – including literal privateers or pirates – and corporations or organizations, albeit typically under government charters.

RATING: 4 STARS****

B-TIER (HIGH TIER)