The Ups and Downs of the east India Comany

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…because of the renewal of its character every 20 years the company gradually lost its privileges in trade. The company's monopoly was broken in 1813 and was almost extinct by 1833, by which time it was no longer a commercial agency, but only a administrative agency. In 1858 after the introduction civil service examinations, the last power came to an end. So in 1858 the company was totally abolished and India came under the direct rule of the British crown.