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Ruling The Countryside

Question

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Why was the Bengal economy facing deep crisis?

Solution

The Company had become the Diwan, but it still saw itself primarily as a trader. It wanted a large revenue income but was unwilling to set up any regular system of assessment and collection. The effort was to increase the revenue as much as it could and buy fine cotton and silk cloth as cheaply as possible.

Within five years the value of goods bought by the Company in Bengal doubled. Before 1865, the Company had purchased goods in India by importing gold and silver from Britain. Now the revenue collected in Bengal was financing the purchase of goods for export.

Hence, the Bengal economy facing deep crisis.

Some More Questions From Ruling the Countryside Chapter

Give two problems which arose with the new Munro system of fixing revenue.

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