Michael Macdonald

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This was a process which had already begun with the 1773 Regulating Act and had been further enhanced by Pitt’s India Act of 1784, which made the Company’s political and military transactions subject to government supervision. It eventually culminated in the outright nationalisation of the Company seventy years later in 1858, but by 1784 the writing was already on the wall.
The Anarchy: The Relentless Rise of the East India Company
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