QUESTION: In the context of the 1857 revolt, discuss the subordination of the Indian economy to British interests
ANSWER: After the Industrial Revolution, the British developed their own textile industry. Instead of Indian textile goods, they bought raw materials from India and forced Indians to buy their product from the mills. This led to the monopolization of trade and commerce and the. ruin of Indian handicrafts as they forced Indians to sell their raw material at a lower rate and buy English goods at a higher rate.
YOU MAY READ
The First War of Independence, 1857
The revolt of 1857 shook the foundations of British rule in India. The revolt took place because of numerous reasons. Some reasons for the revolt were… Read more
The Rise of Assertive Nationalism
The Indian National Congress in its initial years was dominated by the early nationalists who wanted self-government for the Indians. They believed in agitating within constitutional limits. After 1905, emerged nationalist leaders who believed in the radical policy. They wanted complete independence from British control. Read more