From the 1960s of 18, the East India Company began to decline. 1767, the company was unable to pay the 400,000 pounds stipulated by the British government and began to borrow from the government. The financial crisis has become more and more serious. 18 13, the East India Company's trade monopoly on India was cancelled; 1833, the British government cancelled its trade monopoly on China. In this way, the East India Company had to go bankrupt.
The bankruptcy of the East India Company is not accidental for three reasons: First, the corruption and smuggling of the company's employees have become a common practice, resulting in a sharp drop in the company's total income. Secondly, due to the company's extortion of the Indian people, the Indian people have been uprising. And the company needs a lot of money to suppress the uprising. This forms a vicious circle, which keeps the company in crisis. Thirdly, the East India Company is the representative of commercial monopoly capital. Industrial capital has developed rapidly in Britain, and commercial capital has gradually lost its former status. This is also the main reason for the company's bankruptcy.
1858, the East India Company was officially cancelled by the government, and the British government began to rule India directly. The East India Company is like an aging old man. When it accumulated enough wealth for Britain in a lifetime, it was kicked away.