Describe the changes that occurred in the economy and society of the Gupta period.
Answers
Answer:
The Gupta and post-Gupta period was characterized by certain changes in Indian economy. During the Gupta period there existed a flourishing trade abundant custom revenue from ports in west and east, flourishing robust guild system, flourishing manufacturing industries and a high standard of living.
Answer:
Changes in the Gupta and Post-Gupta Period
• The Gupta and post-Gupta period was characterized by certain changes in Indian economy.
• During the Gupta period there existed a flourishing trade abundant custom revenue from ports in west and east, flourishing robust guild system, flourishing manufacturing industries and a high standard of living.
• The Trade contacts developed during the Kushana Period continued and Chandragupta II’s conquest in western India further added to this trade.
• The important port towns which include Brigukachchaha, Kalyana & Sind, were bulk trade centres with Romans.
• Ujjain became a major commercial center and it was linked to southern and northern India. Nasik, Paithan, Pataliputra, Benares were other major trade centers.
• Silk, Leather goods, Fur, Iron Products, Ivory, pearl, Spices and Indigo were major export items.
• The Port of Tamralipti was used for trade with East Asia.
• Most of the commodities were taxed one-fifth of the value as a toll in international Trade.
• Agriculture was the main occupation in Gupta Empire and there was no governmental interference.
• Many cloth centers and silk industry witnessed a significant development during Gupta period.
• The Mandsor Inscriptions gives account of support for the growth of Silk Industry.
• Gold, silver and Copper was used in making ornaments and issuing coins.
• The Gold coins show the pomp, power and prosperity of the empire.
• The Coins of Samudragupta and Kumaragupta issued after the Ashvamedha depict the horse tied to a Yupastambha.
• The coins of Chandragupta bear Garuda preying a snake.
• In Gupta Era, the activities of Guilds were increased and these activities are recorded in various literature, inscription, clay seals etc.
• There is a mention of Guild of architects in Raghuvamsa.
• The Indore Copper plate inscription mentions about a guild of oilmen.
• The Mandsor Inscription mentions the guild of silk weavers.
• The guild system declined after the Gupta Period.