Question

Write the major economic factor for the revolt of 1857 in short.

Answer 1

The major economic factor hat stood behind the outbreak of the revolt of 1857 was the huge profits made by the East India Company at the expense of the trade and industry in India. The import of Indian goods to Britain was heavily cut through the introduction of import duties in Britain. On he other hand, machine- made goods from Britain were freely imported to Indian markets.

The Indian artisans were forced o work for the Company a low wages.Their own trades were fully ruined by unfair competition from the machine-made goods of Britain.The conditions of he peasants became miserable. The zamindars and Taluqdars acted as the agents of the British and tortured the peasants.