Explain the factors responsible for economic crises in Bengal ??
Answers
A high proportion laboured beneath a chronic and spiraling cycle of debt that ended in debt bondage and the loss of their landholdings due to land grabbing. More proximate causes of the crisis involved large-scale natural disasters in southwestern Bengal.
Country: British India
Total deaths: Estimated 2.1 to 3 million in Ben...
Location: Bengal and Orissa
Period: 1943–1944
In case of Bengal, the primary reason for the famine was shortages in Rice. A variety of factors led to the shortage, but most prominent among them was not supply shortage rather it was due to improper allocation of the available rice stocks
New Delhi, India - The Bengal famine of 1943 estimated to have killed up to three million people was not caused by drought but instead was a result of a "complete policy failure" of the then-British Prime Minister Winston Churchill, a recent study has said.
A financial crisis is often associated with a panic or a bank run during which investors sell off assets or withdraw money from savings accounts because they fear that the value of those assets will drop if they remain in a financial institution.14 Apr 2019