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Islamic Art :
Islamic Gold Coins : East India Company Gold Mohur Minted Under the Bengal Presidency
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East India Company Gold Mohur Minted Under the Bengal Presidency - C.4068
Origin: Minted in Murshidabad, India
Circa: 1824
AD
Collection: Islamic Art
Medium: Gold
Additional Information: Date: Year 1202 Hijra.
$850.00
Location: United States
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| Description |
After the British defeat of the Spanish Armada in
1588, a group of London merchants petitioned
the Queen for permission to sail to the Indian
Ocean. After a few successful and unsuccessful
sailing ventures, another group of merchants
raised capital and formed a corporation to which
the Queen granted a Royal Charter awarding the
company a monopoly of trade with all countries
east of the Cape of Good Hope. Despite initial
competition from the Dutch in the East Indian
spice trade, the Company began to report high
profits from their trading posts in India. In time,
these trading posts were expanded and the
British gained a territorial foothold in mainland
India. The British expanded their Indian
holdings, eventually eclipsing the Portuguese
State of India. Despite efforts by the English
parliament to encourage competition, even going
so far as to set up a parallel trading company,
the economical and political might of the East
India Company effectively ensured their lucrative
monopoly. Military expansion during the 18th
century and early 19th centuries resulted in the
Company operating more as a nation and less as
a trading enterprise. Although the Company was
officially dissolved after the Indian Rebellion of
1857, its legacy lived on in the growth of the
British Empire as its armies became the military
forces of British India.
- (C.4068)
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