History Youtube Notes
Commercialisation Of agriculture
- For home to market consumption
- revenue in cash
- grow crops - high in demand like cotton jute sugarcane etc
- I.R in england so they need more raw material
BRITISH ECONOMIC POLICIES
- PHASE 1 - COMMERCIAL CAPITALISM - 16+00-1800
- PHASE 2 - INDUSTRIAL CAPITALISM - 1800 - 1860
- PHASE 3 - FINANCIAL CAPITALISM - 1860 -1947
DE - INDUSTRIALISATION
BY DEFN., It means decline of traditional industries without growth of modern industries.
Reasons
- policy of annexation and conquest
- kingdom collapsed - no army
- railways
IMPACT
- UNEMPLOYEMENT
- POVERTY
- MIGRATION
- OVER-BURDENING OF LAND