1873: The East India Company Stock Redemption Act

December 31, 1872

Mirza Firuz Shah

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Humayun II 1858-1877
1873: The East India Company Stock Redemption Act
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By the time of The Act’s passing, the East India Company was effectively dissolved, as The Crown had assumed all governmental responsibilities held by The Company by The Act for the Better Government of India. The Company’s 24,000-man military force was incorporated into the British Army, leaving it with only a shadow of the power it had wielded years earlier. Its legacy was to last forever, as quoted by The Times in 1874, “[The Company] accomplished a work such as in the whole history of the human race no other company ever attempted and as such is likely to attempt in the years to come.” Queen Victoria, the ruling monarch at the time, became the first monarch to use the title ‘Empress of India’.
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