Explain about the period of Merchant capital?

1.	Explain about the period of Merchant capital?
Answer» Period of Merchant Capital: 1. The period of merchant capital was from 1757 to 1813. 2. The only aim of the East India Company was to earn profit by establishing monopoly trade in the goods with India and the East India’s. 3. During this period, India had been considered as the best hunting ground for capital by the East Indian company to develop industrial capitalism is Britain. 4. When Bengal and South India came under political shake of the East India company in 1750s and 1760s, the objective of monopoly trade was fulfilled. 5. The company administration succeeded in generating huge surpluses which were repatriated . to England, and the Indian leaders linked this problem of land revenue with that of the drain. 6. Above all, the officers of the company were unscrupulous and corrupt

Answer»

Period of Merchant Capital:

1. The period of merchant capital was from 1757 to 1813.

2. The only aim of the East India Company was to earn profit by establishing monopoly trade in the goods with India and the East India’s.

3. During this period, India had been considered as the best hunting ground for capital by the East Indian company to develop industrial capitalism is Britain.

4. When Bengal and South India came under political shake of the East India company in 1750s and 1760s, the objective of monopoly trade was fulfilled.

5. The company administration succeeded in generating huge surpluses which were repatriated . to England, and the Indian leaders linked this problem of land revenue with that of the drain.

6. Above all, the officers of the company were unscrupulous and corrupt

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