But the creation of this new government marked the moment that the East India Company ceased to be a conventional international trading corporation dealing in silks and spices and became something much more unusual: an aggressive colonial power in the guise of a multinational business. The East India Company's founding charter authorized it to 'wage war' and it had always used violence to gain its ends. Summary: "In August 1756 the East India Company defeated the young Mughal emperor and forced him to establish in his richest provinces a new administration run by English merchants who collected taxes through means of a ruthless private army-what we would now call an act of involuntary privatization.
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