Question

Explain the altitude of indian merchants and industrialists towards cdm

Answer 1

Answer:

Indian merchants and industrialists towards Civil Disobedience Movement:

1. Indian industrialists and merchants prospered during the First World War but they believed that the colonial policies were restricting their business.

2. They wanted imports to decrease and a foreign exchange ratio that would discourage imports. They supported Civil Disobedience movement when it began.

3. They formed the Federation of the Indian Chamber of Commerce and Industries in 1927 led by big industrialists like G. D. Birla. They gave financial assistance to Congress.

4. They saw swaraj as a time of no colonial restrictions and flourishing trade and business. But after first Round Table Conference’s failure, not all industrialists were supportive.

5. They later got wary about militant activities, disruptions in business and growing socialist opinion in Congress.

Explanation:

Industrialists were largely supportive of the idea of swaraj in the expectation of a free economy to do business in. But they got apprehensive when they saw the protest as detrimental.