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The Company Rule in India refers to areas in the Indian subcontinent which were under the rule of British East Indian Company.The East Indian Company began its rule over the Indian subcontinent starting with the Battle of Plessey, which ultimately led to the vanquishing of the Bengal Subah and the founding of the Bengal Presidency in 1765, one of the largest subdivisions of British India.
[6] It should be noted, however, that Britain had the world's most industrialized economy and had many sources of income outside of India. Under British rule, India's share of the world economy declined from 23% at the beginning of the 18th century down to just over 3% when India gained independence. In 1700, that figure had been 27%. [6]
Puddling became widely used after 1800. Up to that time, British iron manufacturers had used considerable amounts of iron imported from Sweden and Russia to supplement domestic supplies. Because of the increased British production, imports began to decline in 1785, and by the 1790s Britain eliminated imports and became a net exporter of bar iron.
The British Empire has been the foremost economic power for most of the 19th century. As a result of the Industrial Revolution which began in the United Kingdom, Britain became the wealthiest country in the world by the late 18th century, and was a leading trading nation and manufacturing power.
A Roberts loom in a weaving shed in the United Kingdom in 1835. The nature of the Industrial Revolution's impact on living standards in Britain is debated among historians, with Charles Feinstein identifying detrimental impacts on British workers, whilst other historians, including Peter Lindert and Jeffrey Williamson claim the Industrial Revolution improved the living standards of British ...
British investment abroad doubled in the Edwardian years, from £2 billion in 1900 to £4 billion in 1913. [121] Britain had built up a vast reserve of overseas credits in its formal Empire, as well as in its informal empire in Latin America and other nations. The British held huge financial holdings in the United States, especially in railways.
The British Raj (/ r ɑː dʒ / RAHJ; from Hindustani rāj, 'reign', 'rule' or 'government') [10] was the rule of the British Crown on the Indian subcontinent, [11] lasting from 1858 to 1947. [12] It is also called Crown rule in India , [ 13 ] or Direct rule in India . [ 14 ]
The Indian economy was controlled under the rule of the British East India Company from 1757 to 1858. This period mainly involved British protectionist policies, restricting sales of Indian goods and services within Britain while flooding Indian markets with low cost British goods and services, including the introduction of machine-made goods ...