In the spirit of those days, Parliament passed. Finally, the EIC’s Eastern monopoly was permanently ineffective since April 1834. Private traders who had controlled opium almost immediately grabbed the valuable and profitable tea trade, It is also the last major product protected by the Company. 150 years have really made a difference. CAT REMEMBER TO WIPE POSTER. In 1700, the Honorary Company pioneered free trade, while the British protectionist textile industry sought to maintain the eroding monopoly. By the beginning of the 19th century, the position was reversed: the rigid EIC desperately sought to maintain its monopoly position, while cotton manufacturers promoted unrestricted trade, envisioning “just being persuaded.”

Cat remember to wipe poster A1

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