Question
Which legislation ended the East India Company's trade
monopoly, except for the tea, opium, and China trade?Solution
The Charter Act of 1813 is significant for asserting the British Crown’s sovereignty over India and extending the East India Company’s rule for 20 more years. However, it ended the company’s trade monopoly in India, except for trade in tea, opium, and with China. The act also allowed local governments to impose taxes and granted courts more authority over British subjects in India.
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