WHAT ARE THE ECONOMIC CAUSES OF THE REVOLT OF 1857
Answers
Answer:
permanent settlement system
resentment among jamindars
heavy taxation
destruction of traditional industries
destruction of trade
protectionest policies
conclusion
Answer:
Economic Factors (Economic Causes of Revolt of 1857):
This was a vital factor as it affected a large section of Indian society. Ever since the grant of Diwani was made to the British in 1765, land revenue became an issue of much burden. British Government had imposed ‘pocket area transformation’, that means, introduction of Permanent Settlement in Bengal, Mahalwari settlement in Central India, and Ryotwari settlement in southern India.
These three settlements were highly exploitative, and in particular, the Permanent settlement had created a devastating impact.
But the high rates of land revenue, ruined the prospects of Indian peasantry. Thus the peasants were greatly encouraged to overthrow the British Government from India. The ‘Drain of Wealth’ impoverished peasants and they thus participated actively in the revolt of 1857.