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Emergence of the Colonial Economy

ICSE · Class 11 · History

Quick revision notes for Emergence of the Colonial Economy — ICSE Class 11 History. Key concepts, formulas, and definitions for last-minute revision.

45 questions38 flashcards5 concepts

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Key Topics to Revise

1

1. Transport and Railways

  • The East India Company neglected transport and communication in its early years.
  • Industrial growth in England created a need for roads, rivers, and railways for moving raw materials and goods.
  • Lord William Bentinck first turned attention to transport improvement. He ordered a trunk road between Calcutta and U.P. and improved river transport between Calcutta and Assam.
2

2. Deindustrialization and Economic Drain

  • After the Industrial Revolution, England needed new markets for machine-made products.
  • Indian handicrafts and textiles lost markets because British machine-made goods were cheaper.
  • The British market was closed to Indian manufacturers.
3

3. Revenue Policy: Permanent Settlement, Ryotwari, and Mahalwari

  • After the Grant of Diwani in 1765, the Company tried to extract maximum revenue from land.
  • In the pre-British period, land revenue usually varied from 1/6% to 1/3% of produce, and cultivators were not usually evicted if rent was paid regularly.
  • Warren Hastings introduced five-year settlement with the highest bidders after the Grant of Diwani.
4

4. Poverty, Famine, and Indian Responses

  • British industrial policy and revenue extraction increased poverty in India.
  • Large-scale deindustrialization reduced employment for artisans and weavers.
  • The great famine of 1770 killed about one-third of the population in Bengal Presidency.

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Full Notes

Key Concepts

Railways were introduced mainly for economicBritish industrial growth and trade policyThe Company experimented with different revenuePermanent Settlement was introduced in BengalRyotwari Settlement was introduced directly

Frequently Asked Questions

What are the important topics in Emergence of the Colonial Economy for ICSE Class 11 History?
Key topics in Emergence of the Colonial Economy include Overview of the Colonial Economy – Chapter Mind Map, Key Events in Colonial Economic Development (1755-1878), Timeline of Colonial Economic Transformation (1757-1880s). These are the concepts ICSE Class 11 examiners draw on most — study them first, then practise related questions.
How to score full marks in Emergence of the Colonial Economy — ICSE Class 11 History?
Understand the core concepts first, then work through the 45 practice questions available for this chapter. Revise formulas and definitions regularly, and use flashcards for quick recall before the exam.

Sources & Official References

Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.

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