History Project-Synopsis
History Project-Synopsis
History Project-Synopsis
B. Introduction;
The economic policies followed by the British led to the rapid transformation of India’s economy
into a colonial economy whose nature and structure were determined by the needs of the British
economy. In this respect the British conquest of India differed from all previous foreign
conquests. he previous conquerors had overthrown Indian political powers, but had made no
basic changes in the country’s economic structure; they had gradually become a part of Indian
life, political as well as economic. The peasant, the artisan and the trader had continued to lead
the same type of existence as before The basic economic pattern that of the self-sufficient rural
economy, had been perpetuated. Change of rulers had merely meant change in the personnel of
those who appropriated the peasant’s surplus. But the British conquerors were entirely different.
They totally disrupted the traditional structure of the Indian economy. Moreover, they never
became an integral part of Indian life. They always remained foreigners in the land, exploiting
Indian resources and carrying away India’s wealth as tribute. The results of this subordination of
the Indian economy to the interests of British trade and industry were many and varied.
D. Project Plan;
E. Conclusion
The basic fact is that the same social, political and economic processes that produced industrial
development and social and cultural progress in Britain also produced and then maintained
economic underdevelopment and social and cultural backwardness in India.
The reason for this is obvious. Britain subordinated the Indian economy to its own economy and
determined the basic social trends in India according to her own needs.
The result was stagnation of India’s agriculture and industries, exploitation of its peasants and
workers by the zamindars, landlords, princes, moneylenders, merchants, capitalists and the
foreign government and its officials, and the spread of poverty, disease and semi-starvation.
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