By Chris Nierstrasz
The contention for alternate in tea and textiles among the English and Dutch East India businesses is especially a lot a world historical past. This alternate is strongly attached to emblematic occasions akin to the outlet of Western exchange with China, the Boston Tea celebration, the institution of British Empire in Bengal and the commercial Revolution.
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Additional info for Rivalry for Trade in Tea and Textiles: The English and Dutch East India companies (1700–1800)
To achieve a fuller grasp of the global limitations of the East India monopolies, their imperfect monopolies will be discussed from a comparative perspective on trade from Asia to Europe and on that in Europe and Asia. In the trade to Europe, each Company followed its own strategy in selecting the mix of commodities it carried to Europe as well as in the way it unleashed private trade to Europe as a weapon in its competition. Furthermore, the different ways in which the VOC and EIC were treated and taxed by their home states lent a particular dimension to the competition after the Asian commodities had arrived in Europe.
In times of war, silver exports logically dropped (after 1740, 1756, 1780 and 1795) as it became too risky to send out silver – so dangerous, in fact, the VOC sometimes even suspended its shipping. This drop in exports during wartime also explains the other lows and highs of VOC silver exports during the century. Imperfect Monopolies 33 In the case of the EIC, the level of silver which was exported was strongly related to the acquisition of its Empire in Bengal (see Graph A). Silver was exported on a stable level until 1745, after which a steep increase in silver really sets the EIC exports apart from those of the VOC as the EIC invested heavily in trade after the end of the War of the Austrian Succession.
284. Parthasarathi, ‘Cotton Textiles in the Indian Subcontinent’, pp. 17–23. Ibidem, p. 18. For instance in the Punjab and Sindh, see Pedro Machado, ‘Awash in a Sea of Cloth, Gujarat, Africa and the Western Indian Ocean, 1300–1800’, in Riello and Parthasarathi (eds), The Spinning World, p. 159, n. 2. A. Kolff (Leiden 2003) (Brill’s indological library 19), pp. 117–131; Nierstrasz, In the Shadow of the Company, pp. 40–41. Ian Wendt, ‘Four Centuries of Decline? Understanding the Changing Structure of the South Indian Textiles Industry’, in Riello and Roy (eds), How India Clothed the World, pp.