Commercialized Policies
Which Charter Act gave a boost to the British manufacturers and India became a source of raw materials?
-- The Charter act of 1813
This new phase of British capitalist exploitation from 1813 became more inhuman after the end of the
-- Monopoly of East India Company in the trade with India
The economic philosophy of free trade championed by Adam Smith centred during this stage. However, this was one-way free trade i.e. free entry of British goods in India but burdensome tariff rates against
-- Indian exports to Britain
The laying of Railways from the 1850s opened the interior ....
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