In this article, we discuss Charter Act 1813 for various competitive exams such as UPSC, SSC, etc...
This act was passed by the British Parliament to renew the charter of the East India Company for the next 20 years.
Queen Elizabeth allowed the East India Company to trade in the Eastern region from the year 1600. In Charter Act 1813, this monopoly was kept in only a few areas.
The monopoly of the East India Company was now left in the Tea trade and trade with China. Now except for these two areas, other British East India companies could also trade.
The Industrial Revolution had started in Europe in 1740. By 1812, Britain had become the world's leading industrial nation.
Many factories were put in Britain and the goods of these factories were reaching every corner of Europe.
Napoleon acquires European countries one after the other. Now he was thinking of acquiring Britain.
Napoleon issued an order that no European country would trade with Britain. The Britishers had extensive trade with Spain and Russia. Napoleon had annexed these two countries, so Britain's trade with these two countries ended.
These companies could not even trade with India as it was a monopoly of the British East India Company.
Therefore, the British merchants approached the British Government with their request. The British Government abolished the monopoly of the British East India Company.
Political power was still in the hands of the Board of Control and commercial power was still in the hands of the Board of Directors.
The Governor-General of Madras and Bombay will report to the Governor-General of Bengal. The Charter Act 1813 did not make any changes here.
No changes were made in this Act in the Central Legislature and the Provincial Legislature.
Revenue was separated in the Charter Act 1813 i.e. commercial trade revenue and revenue generated from British possessions in India.
After the Charter Act, the East India Company was forced to spend 1 lakh rupees on the education of Indians. In this act, the courts were given even more powers.
In the Charter Act of 1813, Christian missionaries were allowed to propagate their religion in India.
If you like this article about charter act 1813, consider sharing this article with friends.
