What happened to the weekly Bazaar during the economic crises of Bengal?
Answers
Explanation:
The following things had happened after the deep crisis:
(i) Artisans began to leave villages since they were being forced to sell their goods to the Company at low prices.
(ii) Peasants were unable to pay the dues that were being demanded from them.
(iii) Artisanal production was in decline and agricultural cultivation showed signs of collapse.
(iv)In 1770 when a terrible famine hit Bengal killing ten million people.
(v)About one-third of the population was wiped out.
Weekly Bazaar during the economic crises of Bengal:
Many people left the villages due to the economic crises of Bengal. Weekly Bazaar sellers left the city because they were forced to sell the goods in lower price. Many people cannot pay the dues. Production started to decline.
During the economic crisis of Bengal agricultural production also declined. In 1770, around 10 million people dead due to the terrible famine. One third of people were died during the economic crisis of Bengal.