From establishing supremacy over trade to the collection of land revenue, there was a clear time frame between the British economic policies. Explain.
Answer: British traders initially came to India for trading purposes. But, with the changing economic condition and interests of Britain, their economic policies in India also changed.
- The East India Company initially followed a mercantilist policy. Company had complete dominance over the trade of India. In this regard, company officers acted as agents of British imperialism in India. Their policies were shaped by events in Britain to suit their interests.
- The first phase of ‘Mercantilism’ (1757–1813) was one of direct plunder, with Indian revenue surpluses being used to buy Indian finished goods exported to England.
- Due to the Industrial Revolution in ....
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