Question

What the merchants from the 18th from the terms of europe began moving to the countryside in 18th century?

Answer 1

Answer:

(i) The spare within which Indian merchants could function, became limited.

(ii) They were barred from Trading with Europe in manufactured goods.

(iii) They had to export mostly raw materials and food grains ,raw cotton, opium, wheat and indigo required by the British.

(iv) They were gradually edged out of the shipping business.

(v) Till the First World War,European Managing Agencies controlled a large sector of Indian industries.