How Did The Industrial Revolution Affect The 18 Century

During the eighteen century a number of notable events took place in the world. One event was the Industrial Revolution in England, which spread over to the other countries in the Europe too. Industrial revolution led the discovery of new sea and trade routes. Sea route to India was discovered by the Portuguese called Vasco Da Gama in 1498. As the result the English, Dutch, French and the Portuguese came to India for trade.
The company’s role in India was of trading corporation which brought goods into India and exchanged them for Indians goods like textiles and spices. Its profits came mostly from the sale of Indian goods. The British succeeded in selling their goods at a cheap prices as imported goods were given free entry in India. On the other side Indian handicrafts were taxed heavily when they sent out of the country. After the battle of Plassey in 1757, the pattern of the Company’s commercial relations with India experience a qualitative change. The company uses its political and power over Bengal to acquire monopolistic control over Indian
The importance of this class in the Empire was very different from the East India Company. It did not gain from the monopolization of the export of the Indian handicrafts. As this class started to grow and began to attack the monopoly of the company. In 1793, the British industrialists forced the company to grant them the use of three thousand tons of its shipping every year to carry their products. Hence the export of British cotton goods to India increased from £156 in 1794 to £110,000 in 1813. As R.C. Dutt pointed out later in 1901 in his work, the Economic History of India, the effort of the Parliamentary Select Committee of 1812 was “to discover how they (Indian manufactures) could be replaced by British manufactures, and how British industries could be promoted at the expense of Indian