India 's Economic Impact On India Essay

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As previously stated, Britain’s economic interest in India had begun in the 1600’s when the British East India Company set up trading posts in several Indian cities such as Madras, Bombay, and Calcutta (Age of Imperialism 2012). At first, the Mughal dynasty which ruled India at the time, had kept European traders under control. But by 1707, the Mughal dynasty had begun to collapse and many small states began to break away from under the control of the Mughal dynasty. In 1757, Robert Clive led the East India Company troops to a swift and decisive victory over Indian defence forces along with the French at the Battle of Plassey. From then on, the British East India Company was the leading power in India (Age of Imperialism 2012). Throughout the 18th and 19th century, many events have taken place in the world. One of these events was the industrial revolution starting in England and then eventually spreading to other countries in Europe (Chauhan 1989: 109). This economic impact affected India because of how an English man by the name of Thomas Stevens managed to motivate four of London’s traders to travel to India. The industrial revolution allowed for Britain to obtain the raw materials for its monopoly of factories that they were in need of as well as a location to sell their valuable goods. What occurred after was a struggle of power in 18th century India. The Mughal empire was declining in forces which gave the British the power to take full control due to their large
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