Question

briefly describe what role did the european managing agencies play in the industrial development of India during the 19th century​

Answer 1

Answer:

Explanation:

the European managing agencies controlled a large sector of Indian industries .three of the biggest ones were Bird Heiglers & co.; Andrew Yule ; and Jardine skinner & co.

2.these agencies mobilised capital and set up jointstock companies and managed them.

3.in most instances Indian financiers provided the capital while tge European agencies made all investment and business decisions.

4. the European merchant industrialist had their own chambers of commerce which Indian businessman were not allowed to join.