economics in india pre and post 1857 Flashcards

1
Q

who had significant economic presence in india pre 1857?

A

the east india company

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2
Q

what did the east india company mostly trade?

A

cotton,salt and opium

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3
Q

how many tea plantation were there in pre-1857?

A

one in 1851

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4
Q

how much industrialisation was do in indian pre 1857?

A

minimal

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5
Q

what did majority of the population pre 1857 work in?

A

subsistence farming

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6
Q

what is subsistence farming?

A

growing crops for personal use, not for sale

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7
Q

what were there increased investment in post 1857?

A

infrastructure and economic developments

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8
Q

what were there continued growth in? examples?

A

lucrative markets like cotton and salt

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9
Q

what type of plantation saw a rapid growth?

A

tea plantations

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10
Q

how many tea plantation were there post 1857 and by when?

A

295 by 1871

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11
Q

how many percent of british cotton exports went to indian post 1857?

A

40%

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12
Q

what kind of farming were most indian still living in post 1857? and by when?

A

1877 most were still in subsistence farming

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13
Q

what were there creation of which helped industry? post 1857?

A

railways, telegraph, roads and ports

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