Explain any four economic causes of the Great Revolt of 1857.
Open in App
Solution
Economic Causes:
The British Government restrictions on the import of Indian textiles besides imposing heavy import duties on such goods.
India was forced to export raw materials like raw cotton and raw silk at cheaper rates that the British industries needed urgently; plantation products; and food grains which were in short supply in Braitain.
The British Company confiscated the jagirs of many landlords and taluqars.
The British traders, after the conquest of Bengal, began to purchase raw material for their industries in England from the surplus revenues of Bengal causing drain of wealth from India to England.