Discuss about the economic benefits the British realized from the political power of state of Bengal.
As the British got colonial control over Bengal they plundered capital from there and invested the resources in various industries e.g. textile manufacturing in Britain. This significantly contributed to initial stages of Industrial Revolution in Britain. It indirectly led to deindustrialization of traditional textile manufacturing in Bengal while boosting British wealth. First, by defeating their rivals and forcefully acquiring them at low prices, they monopolized the sale of raw materials. While local weavers had to pay very high prices for those raw materials. Second, they also imposed heavy duties on export of goods from Bengal to Britain.
Moreover, their administrative and economic policies in Bengal (e.g. their land revenue policies) also contributed to British wealth while creating barriers towards growth of the economy of Bengal.
Sources:
Bengal Industries and the British Industrial Revolution, 1757-1857
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