why did East India company incur financial burden during Wellesley's regine
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The East India Company struggled financially for much longer than the end. The Company won the Battle of Buxar (1764) and was awarded the overlordship of Bengal, immediately finding itself in need of trained administrators. The Company was struggling with debt during the last century or so of its existence; the very reason for the annexation of Bengal itself was an attempt to balance the Company books. This may have exacerbated the Bengal famine (1769–70), which claimed the lives of 7–10 million people. The situation spiralled out of control and the Crown was forced to enact direct rule in 1858.
ishithagowda:
from 14 th question
pz
Hey
Are you sure it’s a 1 mark question?
Cause this same question came as a 5 mark question for my exam.
That’s why I asked
no it's one mark
cbse cyllabus
R u sure it's 1 marks question
It is for one mark
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Answer:
The East India company Incur financial constrain during Wellesley's time because of very many reasons
Explanation:
How East India Company Incur Financial Constrains:
- Due to very many losses that were incur as a result of the mismanagement of the funds that could be used to expand company and get enough capital to run the day today activities of the company.
- Lack of proper channel in handling the financial capability of the company during this rain.
- It also led to the development of the misunderstanding and conflict among the parties which in turn led to war and wrangles which later made it possible for the lack of enough capital in the company.
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