Introduction The economic history of colonial India is closely intertwined with the policies and practices of the British East India Company (EIC) and later the British Crown. From the mid-18th century, following the Battle of Plassey (1757), the British consolidated their control over vast territories of India, marking the beginning of a systematic transformation of…
The Great Depression of 1929 was one of the most devastating economic crises in modern history, affecting countries across the world. While it originated in the United States with the stock market crash of October 1929, its effects quickly spread, causing widespread unemployment, trade collapse, and financial instability. The economic downturn had severe consequences, not…
Economic crises have historically had far-reaching effects, and the Great Depression of 1929 was no exception. Though it originated in the United States, the economic depression had global consequences, affecting colonies like India under British rule. As a colonial economy, India was deeply integrated into the global trade system but had little control over its…
Introduction The British Industrial Revolution (1750–1850) was a transformative event that reshaped the global economic landscape. While Britain experienced unprecedented industrial growth, India, under British colonial rule, suffered significant economic consequences. The Industrial Revolution in Britain led to deindustrialization, exploitation, and structural economic shifts in India, severely impacting its self-sustaining economy. This article critically examines…