jan 1, 1716 - The Mughals conceded empire-wide trading privileges to Britain.
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The British were able to secure empire-wide trading privileges in the Mughal empire. The British East India Company increasingly intervened in local affairs. Trading in India allowed for a new form of revenue for the English government. The British East India company gaining trade rights in India is an example of mercantilism and a change in how governments gain revenue.
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