Question

describe economic crisis in Bengal economy​

Answer 1

The Bengal Bubble, caused by the increasing overvaluation of the East India Company stock between 1757 and 1769, led to the Great East Indian Crash, a major financial crisis that occurred in 1769. The bubble and crash occurred in the wake of the conquest of Bengal by the East India Company in 1757 by Robert Clive

Explanation:

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Answer 2

Ruling the countryside

It wanted a large revenue income but was unwilling to set up any regular system of assessment and collection.

Now the revenue collected in Bengal was financing the purchase of goods for export. Hence the Bengal economy facing deep crisis...

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