Answer:
For about 250 years, the British East India Company evolved from a company chartered by the British Crown to trade with the East Indies into de facto British administrator of India, which set off the era of British colonization of the Indian Subcontinent.After 1588, London merchants presented a petition to Queen Elizabeth I for permission to sail to the Indian Ocean. Permission was granted to several ships, but in 1600 a group of merchants known as the Adventurers succeeded at gaining a Royal Charter under the name Governor and Company of Merchants of London trading with the East Indies. For 15 years, the charter awarded the newly formed company a monopoly on trade with all countries east of the Cape of Good Hope and west of the Straits of Magellan.
Explanation:
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