By the middle of the 18th century, the company had become so rich and powerful that it had a private army financed entirely from its own profits. Even though it was officially a private company, the British government used it to extend British power and influence in India. Effectively, it had become the unofficial representative of the British state. In 1773, the British Parliament decided to establish more formal control over India and sent a Governor to be its official representative. After this, the company began to lose political and commercial control of India. The market for Indian cotton declined. The company tried to make up for their losses by trading Chinese tea, but profits were lower. Also, because of the growing size of Britain's territories in India, administration costs became very expensive. The company also had critics. Other merchants criticized its monopoly rights, and the company lost these in 1813. Also, others criticized the company from a humanitarian point of view. The company stopped operating in 1873. お願いします
