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Regulating Act 1773
The East India Company Act 1772 ( 13 Geo. 3. c. 63) (also known as the Regulating Act 1773) was an act of the Parliament of Great Britain intended to overhaul the management of the East India Company's rule in India (Bengal). The act did not prove to be a long-term solution to concerns over the company's affairs. The East India Company Act 1784 ( 24 Geo. 3. Sess. 2. c. 25) was therefore subsequently enacted as a more radical reform. It marked the first step towards parliamentary control over the company and centralised administration in India. Background By 1773, the East India Company (EIC) was in dire financial straits. The company was important to the British Empire because it was a monopoly trading company in India and the east, and many influential people were shareholders. The EIC paid (equivalent to £ in 2015) annually to the government to maintain its monopoly but had been unable to meet its commitments since 1768 because of the loss of tea sales to America. About 8 ...
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Short Titles Act 1896
The Short Titles Act 1896 (59 & 60 Vict. c. 14) is an Acts of Parliament in the United Kingdom, act of the Parliament of the United Kingdom. It replaces the Short Titles Act 1892 (55 & 56 Vict. c. 10). This act was retained for the Republic of Ireland by section 2(2)(a) of, and part 4 of schedule 1 to, the Statute Law Revision Act 2007. In that country, this act is one of the Short Titles Acts 1896 to 2007. Section 1 of, and schedule 1 to, the act authorised the citation of 2,095 earlier acts by short titles. The acts given short titles were passed between 1351 and 1893. This act gave short titles to all public general acts passed since the Union of England and Scotland and then in force, which had not already been given short titles, except for those omitted from the Revised edition of the statutes, Revised Edition of the Statutes by reason of their local or personal character. In 1995, the Law Commission (England and Wales), Law Commission and the Scottish Law Commission recom ...
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East India Company
The East India Company (EIC) was an English, and later British, joint-stock company that was founded in 1600 and dissolved in 1874. It was formed to Indian Ocean trade, trade in the Indian Ocean region, initially with the East Indies (South Asia and Southeast Asia), and later with East Asia. The company gained Company rule in India, control of large parts of the Indian subcontinent and British Hong Kong, Hong Kong. At its peak, the company was the largest corporation in the world by various measures and had its own armed forces in the form of the company's three presidency armies, totalling about 260,000 soldiers, twice the size of the British Army at certain times. Originally Chartered company, chartered as the "Governor and Company of Merchants of London Trading into the East-Indies," the company rose to account for half of the world's trade during the mid-1700s and early 1800s, particularly in basic commodities including cotton, silk, indigo dye, sugar, salt, spices, Potass ...
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Warren Hastings
Warren Hastings (6 December 1732 – 22 August 1818) was a British colonial administrator, who served as the first governor of the Presidency of Fort William (Bengal), the head of the Supreme Council of Bengal, and so the first governor-general of Bengal in 1772–1785. He and Robert Clive are credited with laying the foundation of the British Empire in India. He was an energetic organizer and reformer. In 1779–1784 he led forces of the East India Company against a coalition of native states and the French. In the end, the well-organized British side held its own, while France lost influence in India. In 1787, he was accused of corruption and impeached, but he was eventually acquitted in 1795 after a long trial. He was made a privy councillor in 1814. Early life and education Warren Hastings was born in Churchill, Oxfordshire, in 1732 to Reverend Penyston Hastings and his wife Hester (née Warren), who died soon after he was born.Gloucestershire, England, Church of Engl ...
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Bengal
Bengal ( ) is a Historical geography, historical geographical, ethnolinguistic and cultural term referring to a region in the Eastern South Asia, eastern part of the Indian subcontinent at the apex of the Bay of Bengal. The region of Bengal proper is divided between the modern-day sovereign nation of Bangladesh and the States and union territories of India, Indian states of West Bengal, and Karimganj district of Assam. The ancient Vanga Kingdom is widely regarded as the namesake of the Bengal region. The Bengali calendar dates back to the reign of Shashanka in the 7th century CE. The Pala Empire was founded in Bengal during the 8th century. The Sena dynasty and Deva dynasty ruled between the 11th and 13th centuries. By the 14th century, Bengal was absorbed by Muslim conquests in the Indian subcontinent. An independent Bengal Sultanate was formed and became the eastern frontier of the Islamic world. During this period, Bengal's rule and influence spread to Assam, Arakan, Tri ...
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East India Company Directors
The East India Company controlled most of the subcontinent of India. No other company in history has ever governed so many people. With the exception of China, the E.I.C. controlled a larger population by the nineteenth century than any government of any country in the world. About the list The following list of East India Company directors is taken from the "Alphabetical List of Directors of the East India Company from 1758 to 1858", compiled by C.H. & D. Philips and published in the ''Journal of the Royal Asiatic Society'', October 1941. This list has been compiled from manuscript records, in particular the Court Minutes and Home Miscellaneous Series, volume 764, at the India Office, amplified and checked by information mainly taken from the "Annual Register, the Asiatic Annual." How to read the list "The figures indicate the year of election to the Court of Directors and unless the name of the month in any particular year is given, the month is assumed to be that of April. It ...
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Dividend
A dividend is a distribution of profits by a corporation to its shareholders, after which the stock exchange decreases the price of the stock by the dividend to remove volatility. The market has no control over the stock price on open on the ex-dividend date, though more often than not it may open higher. When a corporation earns a profit or surplus, it is able to pay a portion of the profit as a dividend to shareholders. Any amount not distributed is taken to be re-invested in the business (called retained earnings). The current year profit as well as the retained earnings of previous years are available for distribution; a corporation is usually prohibited from paying a dividend out of its capital. Distribution to shareholders may be in cash (usually by bank transfer) or, if the corporation has a dividend reinvestment plan, the amount can be paid by the issue of further shares or by share repurchase. In some cases, the distribution may be of assets. The dividend received by ...
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Ramsay Muir
John Ramsay Bryce Muir (30 September 1872 – 4 May 1941) was a British historian, Liberal Party politician and thinker who made a significant contribution to the development of liberal political philosophy in the 1920s and 1930s through his work on domestic industrial policy and his promotion of the international policy of interdependency. Early life and education Muir was born at Otterburn, Northumberland, the oldest of five children of a Reformed Presbyterian minister. He was educated privately in Birkenhead, then at University College, Liverpool, where he gained a first in history and then at Balliol College, Oxford, where he gained firsts in Greats and modern history. Academic career In 1898, Muir became an assistant lecturer in history at the University of Manchester and the following year he was appointed lecturer in history at Liverpool. From 1906 until 1913, he was professor of history at Liverpool when he resigned to take up a visiting lectureship at the Univer ...
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Lobbying Group
Lobbying is a form of advocacy, which lawfully attempts to directly influence legislators or government officials, such as regulatory agencies or judiciary. Lobbying involves direct, face-to-face contact and is carried out by various entities, including individuals acting as voters, constituents, or private citizens, corporations pursuing their business interests, nonprofits and NGOs through advocacy groups to achieve their missions, and legislators or government officials influencing each other in legislative affairs. Lobbying or certain practices that share commonalities with lobbying are sometimes referred to as government relations, or government affairs and sometimes legislative relations, or legislative affairs. It is also an industry known by many of the aforementioned names, and has a near-complete overlap with the public affairs industry. Lobbyists may fall into different categories: amateur lobbyists, such as individual voters or voter blocs within an electoral district ...
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Lord North
Frederick North, 2nd Earl of Guilford (13 April 17325 August 1792), better known by his courtesy title Lord North, which he used from 1752 to 1790, was Prime Minister of Great Britain from 1770 to 1782. He led Great Britain through most of the American Revolutionary War. He also held a number of other cabinet posts, including Home Secretary and Chancellor of the Exchequer. North's reputation among historians has varied wildly, reaching its lowest point in the late 19th century, when he was depicted as a creature of the king and an incompetent who lost the American colonies. In the early 20th century, a revised view emerged which emphasised his strengths in administering the Treasury, handling the House of Commons, and in defending the Church of England. Historian Herbert Butterfield, however, argued that his indolence was a barrier to efficient crisis management; he neglected his role in supervising the entire war effort. Early life Birth and family North was born in London ...
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Bank Of England
The Bank of England is the central bank of the United Kingdom and the model on which most modern central banks have been based. Established in 1694 to act as the Kingdom of England, English Government's banker and debt manager, and still one of the bankers for the government of the United Kingdom, it is the world's second oldest central bank. The bank was privately owned by stockholders from its foundation in 1694 until it was nationalised in 1946 by the Attlee ministry. In 1998 it became an independent public organisation, wholly owned by the Treasury Solicitor on behalf of the government, with a mandate to support the economic policies of the government of the day, but independence in maintaining price stability. In the 21st century the bank took on increased responsibility for maintaining and monitoring financial stability in the UK, and it increasingly functions as a statutory Financial regulation, regulator. The bank's headquarters have been in London's main financial di ...
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Netherlands
, Terminology of the Low Countries, informally Holland, is a country in Northwestern Europe, with Caribbean Netherlands, overseas territories in the Caribbean. It is the largest of the four constituent countries of the Kingdom of the Netherlands. The Netherlands consists of Provinces of the Netherlands, twelve provinces; it borders Germany to the east and Belgium to the south, with a North Sea coastline to the north and west. It shares Maritime boundary, maritime borders with the United Kingdom, Germany, and Belgium. The official language is Dutch language, Dutch, with West Frisian language, West Frisian as a secondary official language in the province of Friesland. Dutch, English_language, English, and Papiamento are official in the Caribbean Netherlands, Caribbean territories. The people who are from the Netherlands is often referred to as Dutch people, Dutch Ethnicity, Ethnicity group, not to be confused by the language. ''Netherlands'' literally means "lower countries" i ...
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Thirteen Colonies
The Thirteen Colonies were the British colonies on the Atlantic coast of North America which broke away from the British Crown in the American Revolutionary War (1775–1783), and joined to form the United States of America. The Thirteen Colonies in their traditional groupings were: the New England Colonies (New Hampshire, Massachusetts, Rhode Island, and Connecticut); the Middle Colonies ( New York, New Jersey, Pennsylvania, and Delaware); and the Southern Colonies (Maryland, Virginia, North Carolina, South Carolina, and Georgia). These colonies were part of British America, which also included territory in The Floridas, the Caribbean, and what is today Canada. The Thirteen Colonies were separately administered under the Crown, but had similar political, constitutional, and legal systems, and each was dominated by Protestant English-speakers. The first of the colonies, Virginia, was established at Jamestown, in 1607. Maryland, Pennsylvania, and the New England Colon ...
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