East India Company founded to rival Dutch East India Company in Indonesia and Spice Islands
-£26,000 of pepper could sell for £208,000 in London
-traded in chintzes (textiles), indigo (dye), saltpetre (fertiliser/explosives), rice
-traded Opium with China in exchange for tea: GB forced free trade with China in Opium Wars
-GB EIC confined to coastal settlements of Bombay, Madras and Calcutta
-ruling Mughals slowly collapsed over time
-rivalry grew between GB & France: France defeated by GB for control of trade on coast