Discuss about the growing unemployment under the British caused due to the 1857 revolt.
Indian weavers and craftsmen could not compete with the machine-made goods of the British and thousands of weavers/craftsmen became unemployed. The demand for Indian textiles was reduced and handloom industry was badly affected. The company used political influence to buy finest quality cotton from India. Annexation of Princely States led to loss of royal patronage. Thousands of soldiers lost their traditional jobs. This led to large scale unemployment.