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East India Company - MSN Encarta |
 | | East India Company, any of a number of commercial enterprises formed in western Europe during the 17th and 18th centuries to further trade with the East Indies. |
 | | The most important of the companies were given charters by their respective governments, authorizing them to acquire territory wherever they could and to exercise in the acquired territory various functions of government, including legislation, the issuance of currency, the negotiation of treaties, the waging of war, and the administration of justice. |
 | | The East India Company, however, bought control of this new company, and in 1702 an act of Parliament amalgamated the two as “The United Company of Merchants of England Trading to the East Indies.” The charter was renewed several times in the 18th century, each time with financial concessions to the Crown. |
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