Reflections on British Colonization of India

In his "Recollections," Lord Thomas Babington Macaulay reflects on the British colonization of India in the mid-19th century. Macaulay was a prominent British historian, essayist, and politician of the 19th century, who served as Secretary of War in the Whig government and played a key role in the introduction of English education in India.
Against misgovernment such as then afflicted Bengal it was impossible to struggle. The superior intelligence and energy of the dominant class made their power irresistible. A war of Bengalees against Englishmen was like a war of sheep against wolves, of men against demons. The only protection which the conquered could find was in the moderation, the clemency, the enlarged policy of the conquerors. That protection, at a later period, they found. But at first English power came among them unaccompanied by English morality. There was an interval between the time at which they became our subjects and the time at which we began to reflect that we were bound to discharge towards them the duties of rulers. During that interval the business of a servant of the Company was simply to wring out of the natives a hundred or two hundred thousand pounds as speedily as possible, that he might return home before his constitution had suffered from the heat, to marry a peer’s daughter, to buy rotten boroughs in Cornwall, and to give balls in St. James’s Square.
Recollections of Lord Thomas Babington Macaulay, 1841

Question 1

Short answer
Identify one perspective about the British East India Company described in the passage. 

Question 2

Short answer
Identify one way the British East India Company gained a monopoly on trade with India.

Question 3

Short answer
Explain one effect of the British East India Company on emerging global markets in the late 18th century. 

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