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The Age Of Industrialisation

Question
CBSEENSS10016724

Write a brief note on:

(a) Jameshetjee Bhoy?

(b) Dwarkanath Tagore?

Solution

(a) Jameshedjee Bhoy: Jameshedjee Bhoy was the son of a Parsi weaver. Like many others of his time, he was involved in the China trade and shipping. He owned a large fleet of ships, but competition from English and American shippers forced him to sell his ships by the 1850s.

(b) Dwarkanath Tagore: Dwarkanath Tagore made his fortune in the China trade before he turned to industrial investment, setting up six joint-stock companies in the 1830s and 1840s. Dwarkanath Tagore believed that India would develop through westernisation and industrialisation. He invested in shipping, shipbuilding, mining, banking, plantations and insurance.