WW1 Economic Impact in India Flashcards
How did average Indians feel the effects of the war?
Through increased taxes, shortages of fuel, rising prices, worried for loved ones fighting
What problems did the war pose?
Disrupted trading, exchange rate problems, increased demands of the military
How much did food grains increase?
93%
How much did Indian made goods increase?
60%
How much did imported goods increase?
190%
Why did the gov fail to try to control raised prices?
Too frustrated by profiteers and speculators
What exacerbated the tax problem worries?
Failure of monsoon train arrivals in 1918-19
Consequent grain shortages + famine
What companies benefited off the war?
Manufacturing industries;
Cotton, iron + steel, sugar, engineering, chemicals
How did shareholders watch their dividends skyrocket?
In Bombay, dividends from cloth mills increased from 6% in 1914 to over 30% in 1917
What demands did the Viceroy juggle?
Demands of London = more resources
District officers = concern at localised distress + disturbances
By 1918, what reports had the Viceroy been receiving?
Food riots, petty violence, rioting
What did local officials express concern of?
The British Raj was crumbling
Why was the Economic impact fortunate for the Raj?
These events were sporadic and never coalesced into a general campaign
