Features Of The Indian Financial Sector

The Dependency Theory can be applied to this situation, as most resources were going to Britain from colonies under their control, such as India.

The Industrial Revolution began in Britain during the late 1700s. It took place during the 18th and 19th centuries. Document 3 displays the look of the environment at the beginning of this shift in society. It is filled with smoky chimneys. Machines and factories led to great productions, such as new systems of transportation, more efficient communication, banking systems, a variety of manufactured goods, and an overall improvement of living. Britain was the perfect place for the Industrial Revolution to begin due to its coal and iron. Factories became a necessity because of the increase in demand for British goods (Staff, 2009). Before the Industrial Revolution, transportation consisted of wagons, led by horses. “In the early 1800s, American Robert Fulton built the first commercially successful steamboat” (Staff, 2009). Along

India is a great example about how they were too weak. India is probably in the best position for trade, due to its central location between Africa and Asia. India was a great area for trade.Before the West’s power overtook India, it was small not unified. In document 5 a person can be seen weaving on their own. This is before they were introduced to industrial textile production. The British wanted to take control of India and combine with them to become bigger and stronger. Britain saw India as a market and is a source of raw materials they built roads and impressive railroads to transport factory made goods across the subcontinent. These roads and railroads are used to carry materials such as coal and cotton to coastal ports to transfer the factories in England. This description of India can relate to Document 6, in this document a railroad is seen being built under British control. Railroads are an example of modernization taking over this country.

British cotton textile industry grew into the worlds most productive; its railway network became the nation’s principal means of inland transportation and communication; and a new fleet of steam-powered ships enabled Britain to project its new productivity and power around the globe.

Industrialization changed the lives of the people of this nation. By the late nineteenth century, with advances in technology, communication, and transportation, a new type of industrialization was formed, a global one.

     India was mainly colonized for their raw goods such as teas and spices, and they had workers who were willing to work for the British called Sepoys and were treated extremely badly, which led to the Sepoy Rebellion.Tea was only grown in China at that time, and China would only accept silver as payment for tea. A rapid population growth began to occur much like what happened during the Industrial Revolution due to the new ways of communication, jobs, transportation, etc. The rate of consumption was bankrupting Britain through the East India Company which harvested opium, they then sold that

The Industrial Revolution was the main contributor of the development of factories and modern day machinery. The Industrial Revolution created hundreds of new jobs, influenced many new inventions, and created many new ways of creating and transporting goods. Many jobs including spinners, miners, factory workers, and farmers were beginning to rise in population, due to the new technology being created in the 18th and 19th centuries. The start of new inventions coming into view was beginning in Britain, with many agricultural tools creating new ways to plow and yield crops. Later on, it caused new forms of transportation to be developed, for example, railroads and canals. This essay will explain exactly how these causes began, and how they

The Great Depression - an economic downturn that lasted for a decade from 1929-1939 impacted the industries across the globe. It would be unfair to attribute the crash of stock market for the great depression. A variety of other factors such as bank failures, the reduced purchases, Smooth-Hawley Tariff – an American economic policy with Europe and the drought in Missipi Valley to name a few (https://www.thoughtco.com/causes-of-the-great-depression-104686 : Retrieved on 12-05-17). This economic crisis proved to be a threat for the textile industry based in UK as well as in India.

The Industrial Revolution was a revolution, beginning in Britain, which involved radical changes in technology, machinery and transport. It occurred in the period of 1760 to sometime between 1820 and 1840 and transformed the country’s economy, from one based on agriculture to one based on manufacturing. The Industrial Revolution went from hand building methods to machines, improved efficiency of water power, increased the use of steam power and the development of machine tools as well as changing from wood and other bio-fuels to coal. One of the most important results of the Industrial Revolution of the Nineteenth Century was the factory system, which is a method of manufacturing adopted first in England. The factory system’s main characteristic

This was marked as a shift to powered and special-purpose machinery, factories and mass production. Iron and textile industries and the development of the steam engine played central roles in the Industrial Revolution. Systems of transportation, communication and banking were improved, along with the standard of living for some due to an increased volume and variety of manufactured goods. The industrialization also resulted in the poor and working classes receiving grim employment and living

India’s economy and agriculture grew drastically during the 19th century as a result of plantations in India to grow commercially attractive supplies for example tea and cotton trades. Transportation was non-existent before the British influence, as trading grew larger leading to need to faster transportation and the development of postal services improved the communication in India. The East Indian company later imparted Western education among the Indians. As the strong need for a higher education, this allowed children to attend school from primary to University. But there were many negative influences/traditions that the British brought which caused a lot of controversy between the two

Between late 1780 and 1920, industrial production grew considerably; mainly highlights the great development that reached the manufacturing sector with the leadership of the textile industry (between 1820 and 1860); this growth was enhanced by the construction of railways (from 1830). In the period 1840-1860 industrialization was based mainly on the production of consumer goods (cotton textiles, footwear, leather, iron and machinery).

After the British started international trade, Indian goods were shared with other countries around the world. The infrastructure in India was poor. Once the British came to India, they fixed the roads and railroads. This helped the Indian people travel more efficiently (Effects of British).

They were under british rule and many houses had lost their young to work in the factories, thus, the Indian industrial revolution began. Many young men left their commonly reserved crops for a job in the factories, or in this case, a tanning shop. The effects of abundantly used chemicals changed India for the worst.

India while under the rule of the British Government was under high demand to industrialize and produce goods for England. During the 1700’s England was ramping up too. the production of goods, and creating factories from which caused a lot of air pollution and ground pollution in these two countries. In history, a civilization can only expand if they have the resources necessary to grow. In the early 1926 an article was posted in the London times about the availability of brown coal. A large amount of brown coal was found in England but the country already had a large supply of coal from other sources so it did not affect them as much. Dr.