Question

Explain about the Period of Merchant Capital.

Answer 1

1. The period of merchant capital was from 1757 to 1813.
2. The only aim of the East India company was to earn profit by establishing monopoly trade.
3. During this period, India had been considered as the best hunting ground for capital
4. The objective of monopoly trade was fulfilled by achieving political control.
5. The company administration succeeded in generating huge surpluses which were repatriated to England.