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When the British East India Company was created it was issued a Royal Charter. What does this mean?

User JDrago
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Answer: authorizing British merchants to trade in the East Indies on behalf of the crown.

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User Ktzhang
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Answer:

After overseeing the defeat of the Spanish Armada, Queen Elizabeth I issued a royal charter authorizing British merchants to trade in the East Indies on behalf of the crown.

User Adam Tomat
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