The East Indian Trading Company was established with 125 shareholders and £72,000 of capital.
with the intention to trade iron, lead, and British broadcloth for spices. The British East India Company made little impression as the Dutch controlled most of the trade.
2,000 people drowned around the Severn Estuary, with 200 square miles of farmland inundated. Long blamed on a storm surge, it is now suspected that the devastation was caused by a tsunami.
or trading post, in the city of Machilipatnam
Sir Thomas Roe was instructed by James 1 to arrange a commercial treaty with Emperor Nurudin Salim Jahangir. This gave The Company exclusive rights to reside and build factories around Surat in exchange for rare commodities from Europe. This provided a secure base for operations to wage trade wars with Portuguese and Dutch governments and merchants.
The Dutch saw weakness in the Indian territories, and took their opportunity to seize control.
English weavers, in fear of losing business, attack the East India House in London, England.
The Company receives Chinese permission to trade from Guangzhou (Canton) importing silk, tea and porcelain.
in Goa, Chittagong, Bombay, Madras, and three small villages in the east of India called Sutanuti, Gobindapur and Kalikata which were renamed Calcutta. Major trading posts became walled forts. Fort Williams in Calcutta remained the headquarters of the Eastern Command of the Indian Army.
The Great Storm of 1703 was described as the worst natural disaster ever to hit southern Britain. Between 8,000 and 15,000 lives were lost and the lead roofing was blown off Westminster Abbey.