SOAS Research Online

Abstract

The East India Company, founded in London in 1600, was the world's biggest trading organization until the twentieth century. It was originally a spice trading organization, and its existence was precarious in its early years. But its governors soon began to think bigger. A decade after its foundation, they started to plan voyages to more adventurous places, notably Japan. Japan had silver, was cold in winter, and had no sheep, so was a perfect market for England's main export, woollen cloth. The Company planned to add to its spice-runs, sailing back and forth to Japan, exchanging wool for silver. This could be done quickly and easily, over the top of Russia - or so the maps of the day suggested (these same maps also showed Japan twenty times too large, about the size of India).