East India Company: Presidency Issues
The English East India Company was granted a royal charter by Queen Elizabeth I which allowed trade monopoly with eastern countries including Sumatra, Java, and India. The first English settlements or factories in India were established in Masulipatam (1611), Surat (1612), and subsequently in other cities and towns. The territories governed by the East India Company were divided into three major administrative regions: Madras Presidency in the south, Bombay Presidency in the west, and Bengal Presidency in the east. Most of the north, however, for a long time continued to remain under the control of the Mughal emperor, and later, local rulers including the Marathas and Rajputs. Each of the three presidencies under East India Company governance issued their own coins until a unified coinage throughout all territories was introduced in 1835. Early presidency issues often imitated local issues and the Mughal design in order to gain wider acceptance by the native population.
Read more about this topic: British India Coinage
Famous quotes containing the words east, india, presidency and/or issues:
“We have a great deal more kindness than is ever spoken. Maugre all the selfishness that chills like east winds the world, the whole human family is bathed with an element of love like a fine ether.”
—Ralph Waldo Emerson (1803–1882)
“But nothing in India is identifiable, the mere asking of a question causes it to disappear or to merge in something else.”
—E.M. (Edward Morgan)
“I once told Nixon that the Presidency is like being a jackass caught in a hail storm. You’ve got to just stand there and take it.”
—Lyndon Baines Johnson (1908–1973)
“Cynicism formulates issues clearly, but only to dismiss them.”
—Mason Cooley (b. 1927)