GS1 › Advent of Europeans and British Expansion

Revision note: Economic Impact of British Rule: Land Revenue, Deindustrialisation and the Drain of Wealth

  • Stages: mercantilist (1757–1813), free trade (1813–60), finance capital (after 1860)
  • Permanent Settlement 1793 (Cornwallis): zamindar owner, 10/11 to state, Sunset Law, ~19%
  • Ryotwari (Munro, Read): direct with cultivator, Madras, Bombay, ~51%
  • Mahalwari (Holt Mackenzie 1822, Bird, Thomason): village community, NWP, Punjab, ~30%
  • Commercialisation: cotton boom, Deccan riots 1875, Indigo Revolt 1859–60
  • Deindustrialisation: one-way free trade, Lancashire cloth, loss of courts
  • Drain: home charges, interest, remittances; Naoroji 1901, R.C. Dutt
  • First railway Bombay–Thane 1853; guarantee system ~5%
Revision card summarising Economic Impact of British Rule: Land Revenue, Deindustrialisation and the Drain of Wealth
One-page visual summary of the key points to revise.

Source: https://upscprep.in/upsc/gs1/advent-of-europeans-and-british-expansion/economic-impact-of-british-rule-land-revenue-deindustrialisation-and-the-drain-of-wealth/ · UPSCPrep.in

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