“The initial enthusiasm of the merchants and industrialists fade away during the later stage of the Civil Disobedience movement”. Support your answer with relevant arguments
Answers
Answer:
true
Explanation:
The merchants and industrialists participated at higher rates by providing funds and money for the movement. They participated to get rid of the British supervence over them. They thought that if the colonial period would end then there will be no limitations to their trade and business. But at the end of the movement when Gandhi ji decided to call off the movement. They got a huge loss and the next time when the movement restarted very few of them participated.
Answer:
During the First World War, Indian merchants and industrialists had made huge profits and become powerful. Keen on expanding their business, they now reacted against colonial policies that restricted business activities. They wanted protection against imports of foreign hoods, and a rupee-sterling foreign exchange ratio that would discourage imports. To organise business interests, the Indian Industrial and Commercial Congress in 1920 and the Federation of the Indian Chamber of Commerce and Industries (FICCI) in 1927. Led by prominent industrialists like Purshottamdas Thakur Das and G. D. Birla, the industrialists attacked colonial control over the Indian economy, and supported the Civil Disobedience Movement when it was first launched. They gave financial assistance and refused to buy or sell imported goods. Most businessmen came to see swaraj as a time when colonial restrictions on business would no longer exist and trade and industry would flourish with restraints. But after the failure of the Round Table Conference, business groups were no longer uniformly enthusiastic. They were apprehensive of the spread of militant activities, and worried about prolonged disruption of business, as well as of the growing influence of socialism amongst the younger member of the Congress.