By Diet Rothermund
This compact e-book describes the ecomonic historical past of India from the Moghul invasions, in the course of the East India corporation and colonialism to the 20 th century. a lot has been written at the Indian financial system, yet this ebook makes an attempt to provide India's fiscal background as a strategy. The booklet locations the improvement of agriculture and in political context and discusses forex and fiscal guidelines, that are of significant value in all sessions of Indian historical past.
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Additional info for An Economic History of India: From Pre-Colonial Times to 1991
The difference between the prices in the two districts before they were reached by the railway was due to the fact that Mymensingh was reached much later and that the prices were rising generally in this period. In the period before 1885, prices showed great fluctuations everywhere whenever the harvest deviated from the average. After 1885, the grain prices rose steadily and fluctuations were greatly reduced. The depreciating silver currency, which will be discussed below, was also of great significance in this context.
The parasitical East India Company had lost its mandate. Queen Victoria, when proclaiming her direct rule over India in 1858, pronounced words that gave great hopes to her Indian subjects. Finally, however, parasitism prevailed in spite of such proclamations. The extraction of surplus from India could be organised even more profitably in a period of steadily rising Indian prices than in the earlier period of deflation and depression, which was characterised by a much more primitive mode of exploitation.
India began to be linked to the world market in a similar way. The freight rates of Indian railways had some peculiar features. g. from East Indian Railways to Great Indian Peninsular Railways). Long-distance grain shipments from Northern India to Calcutta or shipments of imported industrial goods from Calcutta to Northern 35 A MARKET IN THE NINETEENTH CENTURY India could thus benefit from favourable rates, whereas short hauls in the interior would be much more expensive, as none of the three rebates would be applicable.
An Economic History of India: From Pre-Colonial Times to 1991 by Diet Rothermund