Which of the following came to constitute the core of the rising middl...
Core of the Rising Middle Class in India Before the Battle of Plassey:
Dadni Merchants
- Dadni merchants were the core of the rising middle class in India before the Battle of Plassey.
- They were a class of traders who dealt in long-distance trade and specialized in the export of Indian textiles, particularly cotton fabrics.
- They played a crucial role in the growth of the Indian textile industry and in the expansion of trade with other countries.
- They were also involved in money-lending and acted as intermediaries between the rural producers and the urban markets.
- They accumulated wealth and social status through their business activities and were able to establish themselves as a distinct group within society.
Agents, Contractors, and Money-Changers
- While agents, contractors, and money-changers were also part of the rising middle class, they were not as prominent as Dadni merchants.
- Agents were intermediaries who facilitated trade between producers and merchants, while contractors undertook the execution of contracts or projects for a commission.
- Money-changers, as the name suggests, dealt in foreign exchange and money lending.
- While these groups were involved in various business activities, they did not have the same level of influence and social status as Dadni merchants.
Conclusion
- In conclusion, Dadni merchants were the core of the rising middle class in India before the Battle of Plassey.
- Their role in the growth of the textile industry and in the expansion of trade with other countries was crucial.
- They accumulated wealth and social status through their business activities and established themselves as a distinct group within society.
Which of the following came to constitute the core of the rising middl...
The company used to engage local merchants to procure goods from the market on its behalf. They were called dadni-merchants, because they received advances from the company for delivering goods under stipulated terms.