Colonialism and Concession Company.

• Started from 16th century, within the development in society and technology, the population in Europe experienced a rapid expansion. Meanwhile within more and more new land being found by people during the age of discovery, the idea of colonialism started to plant in people's mind. The idea of colonialism was originally migrating some of the population to the land that had been just found in case to solve the conflicts of overpopulation. As the action of colonization getting bigger, people in Europe also realized how can they benefit from this process which later coming up the idea of concession company.
• The first appearance of concession company can be traced back to 16th century. It was originally formed by a group of merchants as a private trading company. But later then, when European governments started realized the existence of concession company can reduce the economic burden colony put on the government. which means, by giving concession company full authority in the colony, governments in Europe are able to put more budget on enforcing their military forces.
  
• Even though concession company were given the authority to rule the colony. It is still not the reason why can some concession company became extremely powerful. As still being a trading company, the right to trade monopoly is their most important weapon go against other competitors. In most of cases, concession company's business including cash crop, different kinds of ore, and even human labors in the early stages. 
  
• Within concession company importing raw materials in a low prices, produces it into product and sell it back to colony with a price times higher. It brought both government and company a huge amount of wealth. 
• Among all the concession company: British East India Company was one of the most successful and powerful one back to that age.
• In 18th century, British East India Company become to its peak of power. After the Carnatic War, they become the dominant company in India with a formal military forces. In addition, the emperor of India also granted the company the power of diwani which basically means the right to harvest of Bengal, Bihar, and Orisa. Therefore, it makes the company formally having a political influence in the world as a trading company.
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  Since the British East India Company was so successful during its time, it left a significant influence to the Indian society. One of the best evidence to prove that is the widely using of English in India.
• As being a concession company that created for colonialism, British East India Company did leave India some harm during the colonization era. But rather than that, it left India a huge impact not only in society but also in economic.