British India: Consequences of the rebellion (Economy) Flashcards
Why did the British build railways?
Develop trade
Reach inaccessible areas
Higher profile to British rule and help affirm control by allowing the easier transport of soldiers
Develop new community through employing workers through placing workers in ‘railway colonies’
What kind of factories were built?
European style
What was the impact of building European style factories?
Bulk of manufactured goods came from the British so there was no heavy industries
How many tea plantations were there in 1851?
One
In what year was there one tea plantation?
1851
How many tea plantations were there in 1871?
295
In what year were there 295 tea plantations?
1871
What was there an increase in between 1880s and 1890s?
Domestic production of raw cotton for export to Britain
What was the rate that the Indian railways increased?
Some two miles a day
What increased at two miles a day?
Indian Railways
Who was employed to run the railways?
Higher number of mixed race Anglo-Indians
Christian Indians as they were more likely to be loyal to the Raj
What did the British hope to do through employing workers?
Accommodate them in ‘railway colonies’ so they could form a new community separate from the population at large
What percentage did the Indian market make up of British Exports by 1880?
20%
What international event stimulated trade in 1869?
Opening of the Suez Canal, which meant that there was no longer the need to travel around the Cape of Good Hope
What was the value of exports in 1910?
£137 million
Between 1855 to 1910, what was the value of imports?
From £13.5 million to £86 million
By 1900, how much was India paying in interest to the British?
£10 million per year
Where did most of the profits from India go?
British managing agencies,Banks and Shareholders
What groups did India lack?
Effective investors, entrepreneurs
By the 1880s, how much was invested into India?
£270 million
In what year did the British invest £270 million?
By 1880s
What fraction of the £270 million invested into India, what did this make up of oversea investment
One fifth
