Which of the following statements best explains the motivations for creating the EIC? (1 point)
• The Mughal Empire was monopolizing trade with Europe, which threatened the British.
• The British government wanted to conquer the Mughal Empire by gaining the support of local nawabs.
• The Industrial Revolution allowed for the creation of new ship designs and navigation technologies.
• Mercantilist policies saw economic strength and the protection of trade as key to national security.