In what ways Britishers used the Bengal revenue?
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Zamindari System (Permanent Land Revenue Settlement)
Zamindari System was introduced by Cornwallis in 1793 through the Permanent Settlement Act. It was introduced in the provinces of Bengal, Bihar, Orissa and Varanasi. Also known as Permanent Settlement System.
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East India Company started buying cotton and silk at a cheap rate by importing gold and silver from Britain and in five years the price doubled of the goods they purchased and they used that revenue to export. Hence, this resulted in the downfall of Bengal Financial state.
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