Question

Discuss the stage of mercantilist colonialism in india from 1757 to 1813​

Answer 1

Answer:

Mercantile Phase from 1757 up to 1813- This phase was marked by direct plunder. The East India Company used it monopoly of trade which functioned through 'investments' of Indian revenues to buy Indian products at low rates.

These goods were then exported to Europe and England. So in essence, the East India Company bought Indian products from the revenues they collected mainly from Bengal and then exported them. Taking advantage of the political power the British now could dictate the prices of the goods that they needed to export. The servants of the Company amassed enormous fortunes by engaging in the illegal trade till the time this was banned by Lord Cornwallis. The revenues of Bengal were exploited till the introduction of the Permanent Settlement in 1793.

Explanation:

Answer 2

The stage of mercantilist colonialism generally focused on monopolizing trade.

• The British pursued different economic policies from the year 1757 to 1857 to improve trade rights and, more significantly, to exploit Indian economic wealth.

• The first period or the mercantile stage was between the years 1757-1813, in which the East India Company completely monopolised trade and used its political influence.

• The influence was used to dictate conditions to Bengali artisans who were forced to sell products at lower prices. Buying cheap and selling at higher rates was the core of mercantile capitalism, which East India company effectively accomplished in those years.