economics in india pre and post 1857 Flashcards
who had significant economic presence in india pre 1857?
the east india company
what did the east india company mostly trade?
cotton,salt and opium
how many tea plantation were there in pre-1857?
one in 1851
how much industrialisation was do in indian pre 1857?
minimal
what did majority of the population pre 1857 work in?
subsistence farming
what is subsistence farming?
growing crops for personal use, not for sale
what were there increased investment in post 1857?
infrastructure and economic developments
what were there continued growth in? examples?
lucrative markets like cotton and salt
what type of plantation saw a rapid growth?
tea plantations
how many tea plantation were there post 1857 and by when?
295 by 1871
how many percent of british cotton exports went to indian post 1857?
40%
what kind of farming were most indian still living in post 1857? and by when?
1877 most were still in subsistence farming
what were there creation of which helped industry? post 1857?
railways, telegraph, roads and ports