explain the economic causes of the first war of Independence, 1857
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Economic Causes of 1857 Revolt
Destruction of Agriculture. Under the British rule, there was a severe deterioration of the condition of Indian agriculture.
Permanent Settlement System.
Resentment Among Zamindars.
Heavy Taxation.
Destruction of Traditional Industries.
Destruction of Trade.
Protectionist Policies.
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1) Drain of wealth: The transfer of wealth from india to england for which india got no proportionate economic return, is called drain of wealth. The drain included salaries, incomes and savings of englishmen.
2) Decay of cottage industries and handicrafts: Heavy duties of indian cotton and textiles in britain. By the middle of 19th century, export of cotton and silk goods from india were practically ceased.
2) Decay of cottage industries and handicrafts: Heavy duties of indian cotton and textiles in britain. By the middle of 19th century, export of cotton and silk goods from india were practically ceased.
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