Economic Changes In Modern Times

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Economic and Social Change in Modern Times

Since 1800 there comes a great scientific, economical and technical change in the world. In South Asia, India (at the death of Akber 1920) was among the first eight industrial nations of the world. The greatest change occurred since about 1860. People of India were dependent on agriculture but the population was so vast that they defy every single solution made by government to improve agriculture.
Majority of people of India died because of the famines occurred in India. In the second half of 19th century, India was at the period of famines. At this time India was just associated with the world economy. Sudden crisis and people were starving. Famine of 1873 Bihar, The great Bombay famine 1876-8, famine of 1896-7 and 1899-1900, Bengal 1790-2 and 1943, Orissa 1866, killed millions of people. Despite of the famines, population of India were still raising.
Burma and Ceylon were the export traders and many Indian moved toward these areas and the population increased. In 1931 there were more than a million resident in Burma. Industrialization created the demand for labor and people started to migrate toward Assam and Bombay. Over a million people were immigrated overseas for sugar plant replacement (before 1870) in British Empire. But
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Delhi had been the greatest city between Constantinople and Peking but the population had fallen to 125,000 in late 19th century. In 19th century the trade increased and Bombay and Calcutta had over 40 percent of foreign trade. Population increase was the crucial factor in the economic development during second half of the 19th century. In the beginning of 19th century there were less cultivators and more land. The growing shortage of the land created serious problems in India as 19th century progressed. Bengal was the first province that face effect of the population

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