were supported by the British government?
What role did the moneylenders play in the lives of the peasants? In what way they
Answers
Explanation:
They gave money on interest as loan to peasants. they were supported by British government as they gave tax to them .
The culture of borrowing money from the moneylenders by the peasants were common, in order to pay the revenue.The high rate of revenue forced them to borrow money, and when peasants were unable to repay the loan, teh zamindars would take them to court to get their land auctioned to recover the loan money. In this way the peasants suffered a lot as they were unable to repay the loan.
They were supported by the British firstly, as they fixed too high a revenue demand, which the farmers were unable to pay hence they had to take loan. Secondly, the prices were determined by the international markets, so whenever demand would increase peasants would take more loan in the hope of getting high prices.
Answer:
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