MODERN HISTORY & CULTURE ADVENT OF EUROPEAN INVASION THE DANISH
The people of Denmark were known as Danish They began to trade with India The Danish East India Company refers to two separate Danish chartered companies The first company operated between 1616 and 1650 The second company existed between 1670 and 1729, however, in 1730 it was re-founded as the Asiatic Company
a treaty was concluded with the ruler of the Tanjore Kingdom, Raghunatha Nayak, who gave the Danish possession of the town of Tranquebar, and permission to trade in the kingdom by treaty of 19 November 1620 In Tranquebar they established trade centre and installed Captain Crappe as the first governor of Danish India The treaty was renewed on 30 July 1621, and afterwards renewed and confirmed on the 10 May 1676, by Shivaji the founder of the Maratha Empire
the Danish East India Company imported more tea than the British East India Company, smuggling 90% of it into England, where it could be sold at a huge profit Between 1624-36, Danish trade extended to Surat, Bengal, Java, and Borneo with factories in Masulipatam, Surat, Balasore, and Java
However, subsequent European wars in which Denmark participated ruined the Company, and trade in India ceased entirely between 1643-69, during which time all previous acquisitions were lost except Tranquebar, which held out until aid from Denmark arrived in 1669 In 1670, a second Danish East India Company was established, before it too was dissolved in 1729 In 1730, it was refounded as the Asiatic Company and opened trade with Qing China at Canton
In 1772, the company lost its monopoly and, in 1779, Danish India became a crown colony During the Napoleonic Wars, in 1801 and again in 1807, the British Navy attacked Copenhagen As a consequence of the last attack, Denmark lost its entire fleet and the island of Helgoland to Britain Denmark finally sold its remaining settlements in mainland India in 1845 and the Danish Gold Coast in 1850, both to the British
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