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Economy Of India Under Company Rule
The Economy of India under Company rule describes the economy of those regions that fell under Company rule in India during the years 1757 to 1858. The British East India Company began ruling parts of the Indian subcontinent beginning with the Battle of Plassey, which led to the conquest of Bengal Subah and the founding of the Bengal Presidency, before the Company expanded across most of the subcontinent up until the Indian Rebellion of 1857. Economic impact A number of historians point to the colonization of India as a major factor in both India's deindustrialization and Britain's Industrial Revolution. The capital amassed from Bengal following its 1757 conquest helped to invest in British industries such as textile manufacture during the Industrial Revolution as well as increase British wealth, while contributing to deindustrialization in Bengal. British colonization forced open the large Indian market to British goods, which could be sold in India without any tariffs or duti ...
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Company Rule In India
Company rule in India (sometimes, Company ''Raj'', from hi, rāj, lit=rule) refers to the rule of the British East India Company on the Indian subcontinent. This is variously taken to have commenced in 1757, after the Battle of Plassey, when the Nawab of Bengal was defeated and replaced with another individual who had the support of the East India Company; or in 1765, when the Company was granted the ''diwani'', or the right to collect revenue, in Bengal and Bihar; or in 1773, when the Company abolished local rule (Nizamat) and established a capital in Calcutta, appointed its first Governor-General, Warren Hastings, and became directly involved in governance. The rule lasted until 1858, when, after the Indian Rebellion of 1857 and consequently of the Government of India Act 1858, the British government assumed the task of directly administering India in the new British Raj. Expansion and territory The English East India Company ("the Company") was founded in 1600, ...
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Routledge
Routledge () is a British multinational publisher. It was founded in 1836 by George Routledge, and specialises in providing academic books, journals and online resources in the fields of the humanities, behavioural science, education, law, and social science. The company publishes approximately 1,800 journals and 5,000 new books each year and their backlist encompasses over 70,000 titles. Routledge is claimed to be the largest global academic publisher within humanities and social sciences. In 1998, Routledge became a subdivision and imprint of its former rival, Taylor & Francis Group (T&F), as a result of a £90-million acquisition deal from Cinven, a venture capital group which had purchased it two years previously for £25 million. Following the merger of Informa and T&F in 2004, Routledge became a publishing unit and major imprint within the Informa "academic publishing" division. Routledge is headquartered in the main T&F office in Milton Park, Abingdon, Oxfords ...
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Revenue
In accounting, revenue is the total amount of income generated by the sale of goods and services related to the primary operations of the business. Commercial revenue may also be referred to as sales or as turnover. Some companies receive revenue from interest, royalties, or other fees. This definition is based on IAS 18. "Revenue" may refer to income in general, or it may refer to the amount, in a monetary unit, earned during a period of time, as in "Last year, Company X had revenue of $42 million". Profits or net income generally imply total revenue minus total expenses in a given period. In accounting, in the balance statement, revenue is a subsection of the Equity section and revenue increases equity, it is often referred to as the "top line" due to its position on the income statement at the very top. This is to be contrasted with the "bottom line" which denotes net income (gross revenues minus total expenses). In general usage, revenue is the total amount of inc ...
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Economic Rent
In economics, economic rent is any payment (in the context of a market transaction) to the owner of a factor of production in excess of the cost needed to bring that factor into production. In classical economics, economic rent is any payment made (including imputed value) or benefit received for non-produced inputs such as location ( land) and for assets formed by creating official privilege over natural opportunities (e.g., patents). In the moral economy of neoclassical economics, economic rent includes income gained by labor or state beneficiaries of other "contrived" (assuming the market is natural, and does not come about by state and social contrivance) exclusivity, such as labor guilds and unofficial corruption. Overview In the moral economy of the economics tradition broadly, economic rent is opposed to producer surplus, or normal profit, both of which are theorized to involve productive human action. Economic rent is also independent of opportunity cost, unlik ...
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Diwan (title)
''Dewan'' (also known as ''diwan'', sometimes spelled ''devan'' or ''divan'') designated a powerful government official, minister, or ruler. A ''dewan'' was the head of a state institution of the same name (see Divan). Diwans belonged to the elite families in the history of Mughal and post-Mughal India and held high posts within the government. Etymology The word is Persian in origin and was loaned into Arabic. The original meaning was "bundle (of written sheets)", hence "book", especially "book of accounts," and hence "office of accounts," "custom house," "council chamber". The meaning of the word, '' divan'' "long, cushioned seat" is due to such seats having been found along the walls in Middle Eastern council chambers. It is a common surname among Sikhs in Punjab. Council The word first appears under the Caliphate of Omar I (A.D. 634–644). As the Caliphate state became more complicated, the term was extended over all the government bureaus. The ''divan of the Subli ...
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Zamindar
A zamindar (Hindustani language, Hindustani: Devanagari: , ; Persian language, Persian: , ) in the Indian subcontinent was an autonomous or semiautonomous Raja, ruler of a province. The term itself came into use during the reign of Mughal Empire, Mughals and later the British people, British had begun using it as a native synonym for “estate”. The term means ''land owner'' in Persian language, Persian. Typically hereditary, from whom they reserved the right to collect tax on behalf of imperial courts or for military purposes. During the period of British Raj, British colonial rule in India many wealthy and influential zamindars were bestowed with princely and royal titles such as ''maharaja'' (great king), ''raja/rai (title), rai'' (king) and ''nawab''. During the Mughal Empire, zamindars belonged to the nobility and formed the ruling class. Emperor Akbar granted them mansabdar, mansabs and their ancestral domains were treated as jagirs. Some zamindars who were Hindu by r ...
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Qing China
The Qing dynasty ( ), officially the Great Qing,, was a Manchu-led imperial dynasty of China and the last orthodox dynasty in Chinese history. It emerged from the Later Jin dynasty founded by the Jianzhou Jurchens, a Tungusic-speaking ethnic group who unified other Jurchen tribes to form a new "Manchu" ethnic identity. The dynasty was officially proclaimed in 1636 in Manchuria (modern-day Northeast China and Outer Manchuria). It seized control of Beijing in 1644, then later expanded its rule over the whole of China proper and Taiwan, and finally expanded into Inner Asia. The dynasty lasted until 1912 when it was overthrown in the Xinhai Revolution. In orthodox Chinese historiography, the Qing dynasty was preceded by the Ming dynasty and succeeded by the Republic of China. The multiethnic Qing dynasty lasted for almost three centuries and assembled the territorial base for modern China. It was the largest imperial dynasty in the history of China and in 1790 the fo ...
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Mughal Empire
The Mughal Empire was an early-modern empire that controlled much of South Asia between the 16th and 19th centuries. Quote: "Although the first two Timurid emperors and many of their noblemen were recent migrants to the subcontinent, the dynasty and the empire itself became indisputably Indian. The interests and futures of all concerned were in India, not in ancestral homelands in the Middle East or Central Asia. Furthermore, the Mughal empire emerged from the Indian historical experience. It was the end product of a millennium of Muslim conquest, colonization, and state-building in the Indian subcontinent." For some two hundred years, the empire stretched from the outer fringes of the Indus river basin in the west, northern Afghanistan in the northwest, and Kashmir in the north, to the highlands of present-day Assam and Bangladesh in the east, and the uplands of the Deccan Plateau in South India. Quote: "The realm so defined and governed was a vast territory of some , rang ...
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Brill Publishers
Brill Academic Publishers (known as E. J. Brill, Koninklijke Brill, Brill ()) is a Dutch international academic publisher founded in 1683 in Leiden, Netherlands. With offices in Leiden, Boston, Paderborn and Singapore, Brill today publishes 275 journals and around 1200 new books and reference works each year all of which are "subject to external, single or double-blind peer review." In addition, Brill provides of primary source materials online and on microform for researchers in the humanities and social sciences. Areas of publication Brill publishes in the following subject areas: * Humanities: :* African Studies :* American Studies :* Ancient Near East and Egypt Studies :* Archaeology, Art & Architecture :* Asian Studies (Hotei Publishing and Global Oriental imprints) :* Classical Studies :* Education :* Jewish Studies :* Literature and Cultural Studies (under the Brill-Rodopi imprint) :* Media Studies :* Middle East and Islamic Studies :* Philosophy :* Religious Studie ...
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Indian Ocean
The Indian Ocean is the third-largest of the world's five oceanic divisions, covering or ~19.8% of the water on Earth's surface. It is bounded by Asia to the north, Africa to the west and Australia to the east. To the south it is bounded by the Southern Ocean or Antarctica, depending on the definition in use. Along its core, the Indian Ocean has some large marginal or regional seas such as the Arabian Sea, Laccadive Sea, Bay of Bengal, and Andaman Sea. Etymology The Indian Ocean has been known by its present name since at least 1515 when the Latin form ''Oceanus Orientalis Indicus'' ("Indian Eastern Ocean") is attested, named after India, which projects into it. It was earlier known as the ''Eastern Ocean'', a term that was still in use during the mid-18th century (see map), as opposed to the ''Western Ocean'' ( Atlantic) before the Pacific was surmised. Conversely, Chinese explorers in the Indian Ocean during the 15th century called it the Western Oceans. In Anc ...
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Americas
The Americas, which are sometimes collectively called America, are a landmass comprising the totality of North America, North and South America. The Americas make up most of the land in Earth's Western Hemisphere and comprise the New World. Along with their Lists of islands of the Americas, associated islands, the Americas cover 8% of Earth's total surface area and 28.4% of its land area. The topography is dominated by the American Cordillera, a long chain of mountains that runs the length of the west coast. The flatter eastern side of the Americas is dominated by large river basins, such as the Amazon river basin, Amazon, St. Lawrence River–Great Lakes basin, Mississippi river basin, Mississippi, and La Plata river basin, La Plata. Since the Americas extend from north to south, the climate and ecology vary widely, from the arctic tundra of Northern Canada, Greenland, and Alaska, to the tropical rain forests in Central America and South America. Humans first Settlement o ...
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Oxford University Press
Oxford University Press (OUP) is the university press of the University of Oxford. It is the largest university press in the world, and its printing history dates back to the 1480s. Having been officially granted the legal right to print books by decree in 1586, it is the second oldest university press after Cambridge University Press. It is a department of the University of Oxford and is governed by a group of 15 academics known as the Delegates of the Press, who are appointed by the vice-chancellor of the University of Oxford. The Delegates of the Press are led by the Secretary to the Delegates, who serves as OUP's chief executive and as its major representative on other university bodies. Oxford University Press has had a similar governance structure since the 17th century. The press is located on Walton Street, Oxford, opposite Somerville College, in the inner suburb of Jericho. For the last 500 years, OUP has primarily focused on the publication of pedagogical texts ...
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