Explain me the role of industrialist suring the civil disobedience movement. Why did they refuse to join the movement after thesecond round table conference?
The industrialists initially supported the civil disobedience movement with much enthusiasm. They lent their support to Congress in protest against the colonial policies that restricted indigenous business enterprises. They expected protection against imported foreign goods and a rupee-sterling ratio that would have discouraged imports. They also gave financial assistance and refused to buy or sell foreign goods. The industrialists formed associations like the Indian Industrial and Commercial Congress in 1920 and the FICCI in 1927. The promise of swaraj was viewed by industrialists as freedom from the domination of market by foreign goods. The industrial groups withdrew their support after the Second Round Table Conference due to its failure. They were also concerned about the rise of socialist ideology in Congress and the growth of militant activities which they feared as detrimental to their interests.