Question

1. How was the Battle of Buxar concluded?
2. Define mercantilism. How was it beneficial for the European trading companies?




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Answer 1

Answer:

1. Mir Qasim's soldiers met the English army troops directed by Major Munro in 1764. The joint armies of Mir Qasim were defeated by the British. Mir Qasim absconded from the battle and the other two surrendered to the English army. The battle of Buxar ended with the Treaty of Allahabad in 1765.

2. According to the theory of mercantilism, a nation could increase its wealth and power in two ways. First, it could obtain as much gold and silver as possible. Second, it could establish a favorable balance of trade, in which it sold more goods than it bought.

Explanation:

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Answer 2

The Battle of Buxar (1764) was the decisive battle which was fought between English Forces, and combined army of Mir Kasim, the Nawab of Bengal, Nawab of Oudh Shah Alam II and Mughal Emperor. The battle was the outcome of misuse of Farman and Dastak, and also the trade expansionist aspiration of English.