which of following ranes best identifies the amount of weath that the british empire extracted from india
A) £2 billion
B) £5 trillion
C) £500 million
D) £1 trillion
The correct answer is C) £500 million.
The range that best identifies the amount of wealth extracted from India by the British Empire is the "economic drain" range. This term refers to the economic exploitation, manipulation, and extraction of resources, wealth, and labor from colonies by colonial powers. In the case of the British Empire's rule in India, it is well-documented that there was a significant economic drain, where India's wealth was systematically drained through policies such as heavy taxation, exploitation of resources, and trade imbalances. This economic drain contributed to India's impoverishment and the enrichment of the British Empire during its colonial rule.
To identify the amount of wealth that the British Empire extracted from India, we can look at the following potential indicators or sources:
1. Tax Revenues: The British Empire imposed various taxes and tariffs on Indian goods and resources. Analyzing historical records of tax revenues can provide insights into the amount of wealth extracted.
2. Trade Balance: Examining the trade relationship between India and Britain can offer clues about economic exploitation. Analyze historical data on imports and exports, including commodities like cotton, tea, and spices, to determine if there was a significant trade imbalance benefiting Britain.
3. Resource Depletion: Assess the extent to which India's rich resources, such as raw materials and commodities, were exploited by the British Empire. This analysis can involve studying historical records, accounts of resource extraction practices, and resource availability over time.
4. Economic Disparity: Compare the economic conditions of India and Britain during the colonial period to identify patterns of wealth extraction. Investigate factors such as income disparity, gross domestic product (GDP) per capita, and standard of living to assess the economic impact.
5. Historical Accounts: Study historical documents, books, and research papers from primary and secondary sources to gain insights into the economic exploitation of India by the British Empire. Look for firsthand accounts, government reports, and scholarly analysis to understand the amount of wealth extracted.
By conducting a comprehensive analysis using these indicators, you will be able to understand and estimate the amount of wealth that the British Empire extracted from India.