As long as the East India Company was in charge, its profits skyrocketed to the point that its dividend payouts were legendary, making its soaring stock the most sought-after by British investors. When its mismanagement and oppression culminated in the Revolt of 1857, called by many Indian historians the First War of Independence but trivialized by the British themselves as the ‘Sepoy Mutiny’, the Crown took over the administration of this ‘Jewel in the Crown’ of Her Britannic Majesty’s vast empire. But it paid the Company for the privilege, adding the handsome purchase price to the public
...more
