Explain the economic causes for revolt of 1857?
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Peasants were forced to take loans from moneylenders at usurious rates who often evicted them from their land on non-payment of dues. This led to extreme poverty and indebtedness among the peasantry. Therefore, peasants also harbored resentment against the British rule and participated in the mutiny in great numbers.
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Peasants were forced to take loans from moneylenders at usurious rates who often evicted them from their land on non-payment of dues. This led to extreme poverty and indebtedness among the peasantry. Therefore, peasants also harbored resentment against the British rule and participated in the mutiny in great numbers.
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