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Overview
This source is from the New-Yorker Daily tribune, written by Karl Marx in 1853, The East India Company It History and Results. In the beginning passage, Marx wonders why it took many years before the East India Company became a ministerial issue in England. “Why is this” is the question Marx posed to his readers. In the article, Marx gives his readers a critical account of East India Company history. According to Marx, the East Indian company was official created in 1702. The rival companies decided to ban to together to form a monopoly over India and the Eastern trade. This monopoly did not benefit common people; they were excluded from doing business in the East. However, the East India Company was able to continue to exploit the systems by bribing and giving gifts to the leaders of English parliament and to the king. However, the company never paid taxes to England. Marx explains that the East India Company’s would have never survived if the Bank of England were not established in 1694. The company loaned England money which created a national debt. The Bank of England, which is a private company, was under the control of the English government and was considered the “state bank”. The Bank of England was giving the important task of issuing the currency. When the East India Company royal Charter was up for renewal they would offer fresh low rate loans and “gifts”.
According to Marx, the British government took control of India throughout several wars. The Seven-year war ushered in an epoch of military dominance in India. This War, caused by the colonial and commercial competition between England and France, help raise the East India Company stocks. The British were able to seize control over almost all of the French colonies in India. The capture of the rich province of Bengal reaps in the most benefit for the Company. Under the name of the East India Company the British were able to seize India. The British fought hard to keep the imperial rule they had over India.
ARGUMENT:
Karl Marx’s perspective is very clear throughout the article. His belief inequality is apparent in this passage. Marx believes that the British Government seized India under the name of the East India Company,”Thus the British Government has been fighting, under the Company’s name, for two centuries, till at last the natural limits of India were reached.” Marx is opposed to the imperial rule of India by the British Government under the assumed name of the East India Company. Marx talks in detail about the many bribes and gifts that where paid out to the corrupt government also about the oppressive treatment of the Indian people and also the toll the company took on common English people.
Source
Karl Marx is the “father of communism”. Marx was a communist revolutionary, he firmly believed in equality for everyone, In 1848, Marx wrote a document call the”Manifesto of the Communist Party”. In this passage he writes about the call to revolution of the working class people. Marx is very critical of how East India maintain their hold in India through bribing to the leaders of the England government officials. Marx’s philosophies are the cornerstone of Communist Party
This source is from the New-Yorker Daily tribune, written by Karl Marx in 1853, The East India Company It History and Results. In the beginning passage, Marx wonders why it took many years before the East India Company became a ministerial issue in England. “Why is this” is the question Marx posed to his readers. In the article, Marx gives his readers a critical account of East India Company history. According to Marx, the East Indian company was official created in 1702. The rival companies decided to ban to together to form a monopoly over India and the Eastern trade. This monopoly did not benefit common people; they were excluded from doing business in the East. However, the East India Company was able to continue to exploit the systems by bribing and giving gifts to the leaders of English parliament and to the king. However, the company never paid taxes to England. Marx explains that the East India Company’s would have never survived if the Bank of England were not established in 1694. The company loaned England money which created a national debt. The Bank of England, which is a private company, was under the control of the English government and was considered the “state bank”. The Bank of England was giving the important task of issuing the currency. When the East India Company royal Charter was up for renewal they would offer fresh low rate loans and “gifts”.
According to Marx, the British government took control of India throughout several wars. The Seven-year war ushered in an epoch of military dominance in India. This War, caused by the colonial and commercial competition between England and France, help raise the East India Company stocks. The British were able to seize control over almost all of the French colonies in India. The capture of the rich province of Bengal reaps in the most benefit for the Company. Under the name of the East India Company the British were able to seize India. The British fought hard to keep the imperial rule they had over India.
ARGUMENT:
Karl Marx’s perspective is very clear throughout the article. His belief inequality is apparent in this passage. Marx believes that the British Government seized India under the name of the East India Company,”Thus the British Government has been fighting, under the Company’s name, for two centuries, till at last the natural limits of India were reached.” Marx is opposed to the imperial rule of India by the British Government under the assumed name of the East India Company. Marx talks in detail about the many bribes and gifts that where paid out to the corrupt government also about the oppressive treatment of the Indian people and also the toll the company took on common English people.
Source
Karl Marx is the “father of communism”. Marx was a communist revolutionary, he firmly believed in equality for everyone, In 1848, Marx wrote a document call the”Manifesto of the Communist Party”. In this passage he writes about the call to revolution of the working class people. Marx is very critical of how East India maintain their hold in India through bribing to the leaders of the England government officials. Marx’s philosophies are the cornerstone of Communist Party
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