Essay on negative and positive effects of colonisation in india
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The British entered India as traders and their primary objective was to earn profits by carrying on trade in India.
In order to earn maximum profits from Indian trade and commerce and to develop monopoly of trade and commerce they competed with other European powers.
By the beginning of the middle of the 18th century, the British crippled the French interests in India and became a dominant trading power.The British also developed political interest to push in their monopoly of trade and commerce and initiated the process of expanding their political power in Bengal by the victory in the battle of Plassey and obtained the power of Diwani by the victory of Buxar through the treaty of Allahabad of 1765.
From then on till 1857, the British East India Company through wars, diplomacy and administrative measures made it a policy to obtain more and more of economic benefits by fleecing the Indian farmer, artisan and small and medium traders. This process is called colonialism and India became a colony of the British.This colonialism bled the Indians and made India a de-industrialized power. In this span of seventy-five years from 1772 to 1857, the process and pattern of colonialism underwent different stages because the Charter Act of 1813 made by the British Parliament and Crown abolished the monopoly of the British East India Company and opened the gates of trade and commerce to every British citizen.
Further, by Charter Act of 1833, the Governor General of Bengal became the Governor General of India with control over the presidencies of Bombay and Madras and the British citizens were permitted to own property in India and thereby we come across British landlords and planters of tea, coffee, indigo and cotton and also British capitalists investing surplus capital in Colonial India. Both these measures hastened the process of draining of the wealth of India by the colonialists with their colonial policies.