The Rest Is History cover image

75. The East India Company

The Rest Is History

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Seizing an Opportunity in Unconventional Ways

The Mogul emperors faced challenges in accessing finance, leading to a banking system where 15% of Bengal tax revenues supported a specific bank. This bank, similar to the Rothschilds of India, influenced events by offering financial incentives to individuals like Clive, who was persuaded to carry out a mission to earn immense wealth. Clive acted boldly, diverging from his original purpose and accumulating significant riches from the treasury. When questioned later, his response highlighted his astonishment at his own restraint. This episode showcases a unique Anglo-Indian cooperation, with Clive's actions resembling those of an Indian 'nawabar'.

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