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Trading Places: The East India Company and Asia
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The English East India Company: The Early Voyages Menu
On 13 February 1601 four ships left Woolwich in London on their way to the pepper producing islands of Sumatra and Java. In charge of the voyage was James Lancaster, a member of the new Company of Merchants of London trading into the East Indies. The Company had been founded by a charter from Queen Elizabeth I. The charter granted the members a monopoly of all trade with the East.
Market at Bantam

The ships sailed around the coast of South Africa and across the Indian Ocean to Sumatra where two ships stopped at Aceh. The other two ships arrived at the busy port of Bantam in December 1602. They were carrying a cargo of woollen cloth and different kinds of iron. The problem was that Sumatrans were not very interested in trading precious spices for these goods. Lancaster acted quickly: he decided to capture a Portuguese carrack (a large ship) and steal its rich cargo of gold, silver and Indian textiles so that he could buy pepper at Aceh. Soon he noticed that pepper was even cheaper in Bantam on the Island of Java and traded more cloth there.

All four ships, filled with pepper, arrived back in London in 1603. Many sailors had died on the voyage. They had all lived in cramped conditions, their diet was poor and sickness was common. Over the next 9 years 11 more voyages left the Thames for the factory that James Lancaster had set up at Bantam. The East India Company had begun.

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