Question

State the 4 economic causes of first war of independence.​

Answer 1

Under British rule, India was turned into an exporter of raw materials like raw cotton, raw silk, indigo, tea, food grains, etc. British goods were brought in either duty free or at nominal duty rates. On the other hand, Indian products were subjected to high import duties in England. Indian handmade goods were not in a position to compete with machine made British goods. This resulted in the ruin of Indian industry, unemployment among artisans, reduction in agricultural surplus and a steep increase in the price of raw materials..

Answer 2

Here is your answer mate ...

ECONOMIC CAUSE

→ The peasant suffer due to high revenue demand and the state policy of its collection the British took away a large part of his produce most often the peasant and his family starrved even when the crop failed he was forced to pay the land revenue . he often borrowed money from the money lender to pay it if he was unable to pay back the loan the money lender took away his land .

→ Artisans and craft Mens wererunied by unfair competition . In Britain goods were manufactured on machines hence they wear cheap to produce . but the Indian craft man made goods by hand these cost more than the machine made good the machine made good from Britain were imported into India without any duty being Levied on them .people preferred to buy these goods as they were much cheaper so the traditional handicraft industry of India were runied.

→ The old ruling classes where this place by the British due to the withdrawal of Royal patronage people who earned a living by following religious and cultural professions like priest poet and musicians lost their source of livelihood ..

Hope it will help you ...