Which things of decade of 1840 helped in the expansion of agriculture? How the problem of loans emerged from this?
There wre special signs of an economic recovery of sorts during the decade of 1840. A number of British officials realised that the land settlements of the 1820’s were quite harsh. Demanded revenue was too much or exorbitant. System was so rigid that it led to collapse of peasant economy. So revenue demand was moderated to encourage peasant to exmapnd cultivation. Prices of agricultural products showed some recovery after 1845. Peasants began to expad their areas. they were migrating to new areas and were changing the pastureland into agricultural fields. But peasants required more ploughs and cattles to expand cultivation. They required money to buy new lands and seeds to sow on that land. For all this, they once again had to turn to money-lenders for loans.
