The Business of the Cities

Tirthankar Roy ()
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Tirthankar Roy: London School of Economics

Chapter Chapter 3 in How British Rule Changed India’s Economy, 2019, pp 55-79 from Palgrave Macmillan

Abstract: Abstract Colonial India was a trading economy. Financial and industrial development happened to serve the needs of commodity trade and with profits from commodity trade. Capitalists prominent in this business system usually had a stake in all three and spread risks between the three. They did not stop with earning money. Leading business families spent their money on public goods and took part in politics. The port cities and their satellites were not only hubs of enterprise, but also hubs of education. They were sites where self-government was first put into practice. What was this business world like?

Keywords: Business history of India; Industrialization; Capitalism; Business community; Philanthropy in India (search for similar items in EconPapers)
Date: 2019
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DOI: 10.1007/978-3-030-17708-9_3

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