India. The English obtain a trading concession in Madras. Then in 1674 they obtain another in what will become Bombay (and later Mumbay), then in 1690 in Fort William (Calcutta). It is a globalization ante litteram: high-quality Asian products flow into Europe in large quantities. English capitalism provides the legal certainty that also attracts investment from Indian traders, and a convergence of interests is forged, which will lead to the dissolution of the Mughal Empire.
