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The Business of the Cities

In: How British Rule Changed India’s Economy

Author

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  • Tirthankar Roy

    (London School of Economics)

Abstract

Colonial India was a trading economy. Financial and industrial development happened to serve the needs of commodity trade and with profits from commodity trade. Capitalists prominent in this business system usually had a stake in all three and spread risks between the three. They did not stop with earning money. Leading business families spent their money on public goods and took part in politics. The port cities and their satellites were not only hubs of enterprise, but also hubs of education. They were sites where self-government was first put into practice. What was this business world like?

Suggested Citation

  • Tirthankar Roy, 2019. "The Business of the Cities," Palgrave Studies in Economic History, in: How British Rule Changed India’s Economy, chapter 0, pages 55-79, Palgrave Macmillan.
    • Handle: RePEc:pal:palscp:978-3-030-17708-9_3
    DOI: 10.1007/978-3-030-17708-9_3
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    Cited by:

    1. Scarborough, William J. & Crabbe, Rowena, 2021. "Place brands across U.S. cities and growth in local high-technology sectors," Journal of Business Research, Elsevier, vol. 130(C), pages 70-85.

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