what is the importance of indian trade for the britishers?
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1. Taxes, what would be called tribute in ancient times. But most of the taxes collected went to local expenditures. Also, some revenue was used hiring British administrators, which in a sense sends money to Britain. But I really don't think that ships were hauling major revenue back to Britain.
2. Natural resources. Again, I think that the British didn't just grab huge amounts of gold/mahogany/curry and ship it home. Even if there was a bit of this, it couldn't economically justify having empire. And you don't need to control a country to set up operations there: E.g., international companies today extract oil in the Third World today, paying off the local dictator.
3. Trade. It is true that the process of conquest, starting with the East India Company's own army, was mostly aimed at forcing local nabobs to agree to trade, You'd think the nabobs would realize the value of free trade, but apparently they saw no more benefit in trade than robbing/heavily taxing it. But still, you don't need to control a country to trade with it, and conquest is expensive.
2. Natural resources. Again, I think that the British didn't just grab huge amounts of gold/mahogany/curry and ship it home. Even if there was a bit of this, it couldn't economically justify having empire. And you don't need to control a country to set up operations there: E.g., international companies today extract oil in the Third World today, paying off the local dictator.
3. Trade. It is true that the process of conquest, starting with the East India Company's own army, was mostly aimed at forcing local nabobs to agree to trade, You'd think the nabobs would realize the value of free trade, but apparently they saw no more benefit in trade than robbing/heavily taxing it. But still, you don't need to control a country to trade with it, and conquest is expensive.
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In the 17th and 18th centuries merchants in Europe began to move to the countryside. They gave money to peasants and artisans to produce for an international market. The demands of goods had increased due to colonisation and the resultant expansion of trade. Merchants could not increase production in towns due to the monopoly and power of the crafts and trade guilds. They had the monopoly to produce certain goods and did not allow the entry of new competitors. The guilds were associations of producers that trained craftspeople, maintained control over production, and regulated prices.
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