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Explain how the mergence in India were badly affected by the monopolisation of trade by the british government okay Bing to the Assam good proclamation of 25 August 1857?
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Explain how the mergence in India were badly affected by the monopolis...
The monopolization of trade by the British government in India had a number of negative effects on the economy and society of the country. One of these effects was the disruption of traditional patterns of trade and commerce, which had a particularly adverse impact on the merchants and traders who were involved in these activities.
One example of this is the Assam tea industry, which was badly affected by the British government's monopoly on trade. The Assam tea industry had been growing in importance in the early 19th century, but it was heavily impacted by the British government's Assam tea monopoly, which was established through the Assam tea Proclamation of 25 August 1857.
Under the terms of this proclamation, the British government took control of the production, processing, and trade of tea in Assam, effectively monopolizing the industry and limiting the opportunities for local merchants and traders. This had a number of negative consequences for the Assam tea industry, including reduced profits, reduced investment, and reduced employment opportunities.
Overall, the monopolization of trade by the British government in India had a negative impact on many sectors of the economy, including the Assam tea industry, and contributed to the disruption of traditional patterns of trade and commerce in the country.
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Explain how the mergence in India were badly affected by the monopolisation of trade by the british government okay Bing to the Assam good proclamation of 25 August 1857?
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