Saturday, January 29, 2011
Basis for the Colonial Monopoly
Basis for the Monopoly:
The Seven Years' War ( 1756-1763) resulted in the defeat of the French forces, limited French Imperial ambitions , and stunting the influence of the Industrial Revolution in French territories. Robert Clive, the Governor General, led the Company to a victory against Joseph francois Dupleix, the commander of the French forces in India , and recaptured Fort St George from the French. The company took this respite to seize Manila in 1762. By the Treaty of Paris (1763), the French were allowed to maintain their trade posts only in small enclaves in Pondichery, Mahe, Karikal, Yanam, and Chandernagar without any military presence.
Although these small outposts remained French possessions for the next two hundred years.
French ambitions on Indian territories were effectively laid to rest, thus eliminating a major source of economic competition. In contrast the company, fresh from colossal victory , and with the backing of a disciplined and experienced army, was able to assert its interests in the Carnatic region from its base at Madras and in Bengal from Calcutta, without facing any further obstacles from other colonial powers.
Military expansion :