The English East India Company is a topic that does not get much play in American history textbooks. Not many Americans could tell you what it did aside from selling the tea that was dumped into Boston Harbor. But the history of the Company, why is succeeded and why it failed, can help even an investor in the twenty-first century spot both opportunity and red flags in a company before or after investing.
Wednesday, 14 November 2012
240 Years After the Crash: Lessons from the English East India Company
During this month of August, 240 years ago, one of the most influential corporations in world history was forced to beg the English Parliament for an emergency loan to prevent its imminent collapse. But many Britons hated the company not for high prices, low quality, or poor service, but for the humanitarian crisis they had caused halfway around the world.
