It was December 1599 and the reign of Queen Elizabeth I. A private trading corporation, headquartered in a small London office, received a royal charter granting it monopoly over all trade with the East.
The trading corporation, which would become the East India Company, evolved true to character. In February 1601, it sent a fleet with a cargo of woolen cloth and metal wares to the pepper islands of Indonesia. On landing, the English found the inhabitants of the tropical islands completely uninterested in bartering their spices for woollen cloth.
To make amends for this idiocy, the fleet attacked and plundered a Portuguese carrack carrying a huge cargo of gold, silver and Indian textiles.
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