After the crash of the East India Trading Company, the British government took over the Company, expanded its territories and built an empire. The Company was in the middle of a cash-flow crisis ...

That meant that the East India Company’s servants were no longer here to trade, to make money through buying and selling, but as colonial administrators, running its vast territories on behalf ...

Major effects of this system were as follows: (i) East India Company became the guardian of the territories that it took under the alliance. (ii) The Indian rulers had to pay for the “subsidiary ...