Biography and business history of wealthy British merchant in India reveals much about the nineteenth-century Empire.

This groundbreaking study examines how the East India Company founded an empire in India at the same time it started losing ground in business. For over 200 years, the Company’s vast business network had spanned Persia, India, China, Indonesia and North America. But in the late 1700s, its career took a dramatic turn, and it ended up being an empire builder. In this fascinating account, Tirthankar Roy reveals how the Company’s trade with India changed it—and how the Company changed Indian business. Fitting together many pieces of a vast jigsaw puzzle, the book explores how politics meshed so closely with the conduct of business then, and what that tells us about doing business now. ‘One of the first major attempts to tell the company’s story from an Indian business perspective’—Financial Express

Commerce meets conquest in this swashbuckling story of the six merchant-adventurers who built the modern world It was an era when monopoly trading companies were the unofficial agents of European expansion, controlling vast numbers of people and huge tracts of land, and taking on governmental and military functions. They managed their territories as business interests, treating their subjects as employees, customers, or competitors. The leaders of these trading enterprises exercised virtually unaccountable, dictatorial political power over millions of people. The merchant kings of the Age of Heroic Commerce were a rogue's gallery of larger-than-life men who, for a couple hundred years, expanded their far-flung commercial enterprises over a sizable portion of the world. They include Jan Pieterszoon Coen, the violent and autocratic pioneer of the Dutch East India Company; Peter Stuyvesant, the one-legged governor of the Dutch West India Company, whose narrow-minded approach lost Manhattan to the British; Robert Clive, who rose from company clerk to become head of the British East India Company and one of the wealthiest men in Britain; Alexandr Baranov of the Russian American Company; Cecil Rhodes, founder of De Beers and Rhodesia; and George Simpson, the "Little Emperor" of the Hudson's Bay Company, who was chauffeured about his vast fur domain in a giant canoe, exhorting his voyageurs to paddle harder so he could set speed records. Merchant Kings looks at the rise and fall of company rule in the centuries before colonialism, when nations belatedly assumed responsibility for their commercial enterprises. A blend of biography, corporate history, and colonial history, this book offers a panoramic, new perspective on the enormous cultural, political, and social legacies, good and bad, of this first period of unfettered globalization.

This book presents the economic history of the English East India Company’s trade as it functioned from Madras (Chennai) during the second half of the 18th century. It traces the role of trade and commerce as followed by the European EICs to achieve their economic ends, territorial expansion and control of productive resources. The author portrays the nature, contents, volume and changing trends of trade and commerce over a decisive period of Indian economic history. The volume discusses the chief constituents of trade in general, exports, investments, imports and private trade and traders of Madras from 1746 to 1803. Rich in archival resources, this is an essential resource for administrators, students, scholars and researchers of colonial history and modern Indian economic history, besides British trade history.

*Includes pictures *Profiles the East India Company's leaders and its actions across Asia *Includes online resources and a bibliography for further reading *Includes a table of contents The British East India Company served as one of the key players in the formation of the British Empire. From its origins as a trading company struggling to keep up with its superior Dutch, Portuguese, and Spanish competitors to its tenure as the ruling authority of the Indian subcontinent to its eventual hubristic downfall, the East India Company serves as a lens through which to explore the much larger economic and social forces that shaped the formation of a global British Empire. As a private company that became a non-state global power in its own right, the East India Company also serves as a cautionary tale all too relevant to the modern world's current political and economic situation. On its most basic level, the East India Company played an essential part in the development of long-distance trade between Britain and Asia. The trade in textiles, ceramics, tea, and other goods brought a huge influx of capital into the British economy. This not only fueled the Industrial Revolution, but also created a demand for luxury items amongst the middle classes. The economic growth provided by the East India Company was one factor in Britain's ascendancy from a middling regional power to the most powerful nation on the planet. The profits generated by the East India Company also created incentive for other European powers to follow its lead, which led to three centuries of competition for colonies around the world. This process went well beyond Asia to affect most of the planet, including Africa and the Middle East. Beyond its obvious influence in areas like trade and commerce, the East India Company also served as a point of cultural contact between Western Europeans, South Asians, and East Asians. Quintessentially British practices such as tea drinking were made possible by East India Company trade. The products and cultural practices traveling back and forth on East India Company ships from one continent to another also reconfigured the way societies around the globe viewed sexuality, gender, class, and labor. On a much darker level, the East India Company fueled white supremacy and European concepts of Orientalism (See Said, Orientalism). In the same vein, as a joint stock company, the East India Company left behind meticulous documentation of its economic exchanges and policies. Descriptions of military endeavors, encounters with indigenous peoples, and codes of conduct for employees also give contemporary researchers insight into the cultural perspectives of those who governed the company. Moreover, the East India Company's policies and personnel were the subject of frequent commentaries in newspapers, parliamentary debates, and other publicly available sources. Historians have used these detailed records to reconstruct both the day-to-day operations and the larger historical arc of the company. In addition, the sources created by the East India Company provide insight into the far less well-documented histories of the people the East India Company encountered, traded with, and ultimately conquered. One of the major reasons that the East India Company remains the subject of intense interest is that the consequences of its influence remain visible in India, Britain, and other parts of the world to this day. While the British Crown eventually replaced the East India Company as the governing authority of India, the systems of production they had established remained intact. More than half a century after India declared independence from the British Empire, the economic and cultural effects of this colonial system of production remained apparent. The disparities in wealth and power between the Global North and the Global South may not stem from the East India Company alone, but the company played an indisputable role in imperial processes.