Summary of "From Trade to Territory (The Establishment of Company Power) Chapter 2 | Part 1 | SST | CHAMPS 2024"

The video discusses the establishment of Company Power in India, focusing on the East India Company's arrival, trade, conflicts with local rulers, and battles for control. Here are the key points covered in the subtitles:

The East India Company received permission from Queen Elizabeth I in the 1600s to trade in the East.
They set up their first factory in Bengal in 1651 and sought duty-free trading rights.
Conflict arose with the Nawabs of Bengal over revenue loss, leading to battles like the Battle of Plassey in 1757.
Robert Clive led the East India Company to victory, manipulating local rulers like Mir Jafar for power.
The Battle of Buxar in 1764 further solidified the Company's control, leading to the granting of Diwani of Bengal in 1765.
The Company used its newfound power to collect revenue, control trade, and establish dominance in the region.