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A number of historians point to the colonization of India as a major factor in both India's deindustrialization and Britain's Industrial Revolution. [1] [2] [3] The capital amassed from Bengal following its 1757 conquest helped to invest in British industries such as textile manufacture during the Industrial Revolution as well as increase British wealth, while contributing to ...
Bose, Sumit (1993), Peasant Labour and Colonial Capital: Rural Bengal since 1770 (New Cambridge History of India), Cambridge and London: Cambridge University Press.. Broadberry, Stephen; Gupta, Bishnupriya (2007), Lancashire, India and shifting competitive advantage in cotton textiles, 1700–1850: the neglected role of factor prices
The Company Rule in India refers to areas in the Indian subcontinent which were under the rule of British East Indian Company.The East Indian Company began its rule over the Indian subcontinent starting with the Battle of Plessey, which ultimately led to the vanquishing of the Bengal Subah and the founding of the Bengal Presidency in 1765, one of the largest subdivisions of British India.
The historical source for the concept of benign colonialism resides with John Stuart Mill (1806-1873), who served as chief examiner of the British East India Company - dealing with British interests in India - in the 1820s and 1830s. Mill's most well-known essays on benign colonialism appear in "Essays on some Unsettled Questions of Political ...
The History of British India is a three-volume work by the Scottish historian, economist, political theorist, and philosopher James Mill, charting the history of Company rule in India. The work, first published in 1817, was an instant success and secured a "modicum of prosperity" for Mill.
Rice production continued to dominate Gujarat and wheat dominated north and central India. [5] Sugar mills appeared in India shortly during this era. Evidence for the use of a draw bar for sugar-milling appears at Delhi in 1540, but may date back earlier, and was mainly used in the northern Indian subcontinent.
A map of British India in 1909. The Great Depression in India was a period of economic depression in the Indian subcontinent, then under British colonial rule.Beginning in 1929 in the United States, the Great Depression soon began to spread to countries around the globe.
Colonial India was the part of the Indian subcontinent that was occupied by European colonial powers during and after the Age of Discovery. European power was exerted both by conquest and trade, especially in spices .