In 1800s British East India Company conquers India, and by the beginning of the 19th century, as one of its directors admitted “an empire within an empire”, with the power to make war or peace anywhere in the east having ruled India for 200 years. The East India Company created a sophisticated administration and civil service in India, and built much of London’s Docklands. Its annual spending in Britain £8.5m exceeded about a quarter of total British government annual expenditure. They successfully transferred India’s then prospering GDP to Britain. It is no wonder the Company now referred to itself as “the … Continue reading “An empire within an empire”, Grandest society of merchants