Question

Narrate the characteristics and impact of a significant land settlement policy that was
introduced in Bengal during the second phase of the British regime.

Answer 1

The Permanent Settlement

Explanation:

• The Permanent settlement was introduced by Lord Cornwallis in Bengal.
• It was introduced with the hope that the rule of law and private property rights would liberate individual enterprise and would bring modernization to the economy and society.
• The purpose of the settlement was to improve the situation to fix the revenue permanently.
• The landlord under the settlement would invest money in improving the lands, as with the state demand being fixed the whole of the benefit from increased production and enhanced income would accrue to them.
• The company could get regular taxes and they could increase it when they felt necessary by taxing trade and commerce.

Learn More:

what is a permanant settlement? describe the main features of permanant settlement. what are the drawbacks of permanant settlements.

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