Question

Why did the English East India company need money? Why did the system of giving the revenue collection rights to the highest bidder fall​

Answer 1

Answer:

The company needed money as: * to purchase goods and export them. ... This system of revenue collection was failed because many zamindars were unable to pay the revenue to the company.

Explanation:

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Answer 2

Answer:

The companies new administrative responsibilities after the end of dual government in 1772 involved huge expenditure. The company , however, had become bankrupt and had to appeal for a loan to the Parliament.