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Destruction of native industries from "summary" of The Anarchy by William Dalrymple
The British East India Company's relentless pursuit of profit led to the destruction of native industries in India. The Company's aggressive policies and exploitative practices decimated local economies, causing widespread poverty and suffering among the Indian population. By flooding the Indian market with cheap British goods, the Company undercut local industries, making it impossible for Indian producers to compete. Traditional crafts and industries that had sustained communities for generations were wiped out, leaving thousands of people unemployed and destitute. The Company's monopolistic control over trade further exacerbated the situation, as Indian merchants were forced to sell their goods at prices dictated by the Company, leading to further impoverishment and disenfranchisement. The destruction of native industries had far-reaching consequences beyond economic hardship. It eroded the social fabric of Indian society, undermining traditional systems of production and trade that had been in place for centuries. Moreover, the Company's actions had a devastating impact on the environment, as forests were cleared and resources exploited to fuel the Company's insatiable demand for profit. The ecological damage caused by the Company's policies continues to be felt in India to this day.- The destruction of native industries by the British East India Company was a cruel and calculated strategy to maximize profits at the expense of the Indian people. It was a dark chapter in India's history that continues to shape the country's socio-economic landscape.
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