By Indrajit Ray
This e-book seeks to enlighten gray components of commercial historiography. even supposing Bengal industries have been globally dominant at the eve of the economic revolution, no unique literature is on the market approximately their later process improvement. a sequence of questions are fascinated about it. Did these industries decline in the course of the spells of British commercial revolution? If sure, what have been their purposes? If no longer, the final interest is: On which benefits may perhaps these industries live on opposed to the percentages of the technological revolution? an intensive dialogue on those concerns additionally clears up one other quarter of dispute with regards to the incidence of deindustrialization in Bengal, and the validity of 2 competing hypotheses on it, viz. i) the mainstream speculation of marketplace mess ups, and ii) the neo-marxian speculation of imperialistic nation interventions.
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Extra resources for Bengal Industries and the British Industrial Revolution (1757-1857)
3 respectively. 6 groups the former set of data in five-year periods. 95 million per annum during 1801-5. 6 million per annum in 1816-20. Two adverse developments, however, took place thereafter: the import of bullion waned rapidly and its export increased. Consequently, the net import series nosedived. 1 million per annum in 183-5. 2. Notes When data for certain years in some periods are not available, the averages for the remaining years of those periods are shown. 36 Bullion movement to and from Bengal which surely eased the supply of money in Bengal.
56 million annually was remitted on average in specie and bills to Delhi, merchandise worth S. 81 million was exported from Bengal without any specie in exchange after 1757. 25 million per year during early colonial rule . Side by side with the drying up of the inward flow, some newer channels of outward flow emerged during early British rule. e. Rs2 million per annum during the 1780s (Sinha 1961-70: vol. Rs thousand) Importing agency Import of bullion Exporting agency Export of goods Dutch company French company 3,000 Nil 17,700 600 English company Danish company Private ale from Bassora, Mocha, etc.
On pretence of the loss sustained, in consequence of the arrangement by the zemindars, and other revenue officers, through whom, of course, the mofussil collections were paid into the bank, these subordinate intermediate agents, exacted secretly from the inferior ryots the whole, and usually a larger discount than was established for the benefit or convenience of the representative sovereign. : 230) Sinha (1961-70: vol. 1, 130) calls it 'an indirect tax' imposed on poor farmers under the veil of currency management.