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
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