Colonial impacts on colonies economy (hni) Flashcards

1
Q

Devastation of India (3)

A

Shashi Tharoor - british only there to loot India of goods (India 27% of world gdp - 1940 3%) 2)Dadabhai Naoroji - drain of wealth due to unpaid loans, unequal trade 3) Deindustrialisation of thriving trades - handcrafts, textiles killed off- British flooded Indian markets with cheap machinery

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2
Q

Typical colonial model (2)

A

Metropole would manufacture goods to colonies who would provide raw materials - justified on free trade and capitalism 2) even though trade was unequal - tariffs

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