how did the industrialist react to the civil disobedience movement. analyse their role
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The merchants and industrialists were earning huge profits from international markets. However, the colonial policies like free import duties were hurting their interests. Thus, they formed the Federation of the Indian Chambers of Commerce and Industries and the Indian Industrial and Commercial Congress in 1920. The industrialists and the merchants supported the Civil Disobedience Movement initially to protect their own business interests. They gave monetary help and refused to buy and sell imported and foreign goods. However, later, the industrialists became apprehensive of the growing militant activities of the revolutionaries and the growing influence of socialists in the Congress.
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1. During the First World War Indian industrialist had made huge profits.
2. They are becoming powerful. They wanted to broaden their buisness, they wanted protection from foreign goods imported.
3. In 1920 they formed the Industries and Commercial Congress of India.
4. In 1927 they founded Indian Chamber of Commerce and Industries Federation.
5. Purshotam das, GD birla assaulted colonial control over the Indian economy and supported the movement for civil disobedience.
6. They provided financial support and resized on buying or selling imported products.
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