13.1.6

The Bengal Famine, Indian Mutiny & Indian Economy

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The Bengal Famine, Indian Mutiny and Indian Economy

The Bengal Famine lasted from 1769 to 1773. The Indian Mutiny took place nearly a century later in 1857.

Illustrative background for The Bengal Famine of 1770Illustrative background for The Bengal Famine of 1770 ?? "content

The Bengal Famine of 1770

  • Between the years 1769 and 1773, there was a famine in Bengal and roughly 15% of the local population died.
  • The East India Company had increased taxes from 10-15% to 50%, meaning that the local population had lower food and financial reserves in years with bad harvests.
  • Then as more of the population died, the tax rose again to make up for the lost taxpayers.
  • The East India Company's share price peaked at £269 in 1769 and it is possible that it increased taxes in an attempt to support its share price.
Illustrative background for The Indian MutinyIllustrative background for The Indian Mutiny ?? "content

The Indian Mutiny

  • By 1857, the EIC's increasingly expansionist and locally insensitive policies met with nationalist agitation in the Indian Mutiny.
  • The local people resented taxation by the British, as well as their efforts to Westernise Indian society.
  • 85 sepoys (Indian soldiers employed by the EIC) refused to use bullet cartridges covered in grease (rumoured to be coated in pork & beef fat) as this violated their Hindu & Muslim beliefs. The sepoys were imprisoned, leading to a rebellion to free them. The rebels then appointed Badahur Shah, the Emperor of Hindustan as their leader.
  • The EIC lost control of 1/6 of India and the mutiny took a year to suppress.
  • Once Britain regained control in 1858, the East India Company was dissolved and control of India handed over to the British government.
Illustrative background for India's economyIllustrative background for India's economy ?? "content

India's economy

  • Edelstein (2004) highlights that Britain gained economically from its rule over India.
  • All Indian railway construction was tendered to British businesses.
  • India had a colonial tariff with Britain of 0%, relative to 20% with the USA in 1870. This biased all business towards British manufacturers.
  • The East India Company's benefit was to private individuals, rather than other British businesses or the British taxpayer. The only people to benefit were the shareholders who owned the shares in the East India Company and received their dividend payments.

Jump to other topics

1The Medieval World: 450-1450 AD

1.1Anglo-Saxon England

1.2The Contest for the English Throne

1.3Conquering the Holy Land, 10-96-1396 AD

1.4King John

1.5The Magna Carta & Parliament

1.6The Black Death

2Worldviews

3The Empire of Mali

4The Renaissance & Reformations, 1500-1598 AD

5The British Empire, 1583-1960 AD

6The Peasants' Revolt

7Religion in the Middle Ages

8Slavery, 1619-1833 AD

9The English Civil War, 1642-1660

10The Industrial Revolution, 1750-1840

11US Independence, 1775-1783

12The French Revolution, 1789-1815

13The British Empire, 1857–1930

14Suffrage

15World War 1, 1914-1918

16The Inter-War Years, 1919-1939

17World War 2, 1939-1945

18The Cold War, 1947-1962

19Civil Rights in the USA, 1954-1975

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