The Economics of Colonialism Part 1- The British Empire
Economic Update with Richard D. Wolff
00:00
What You Can Do in an Empire
Cotton used to be produced in Calcutta, the old name of that important urban area in India. That cotton was everywhere that was produced in a very good quality. But all the Indian production was destroyed by the insistence of the British who controlled the colony of India that they had to buy British cotton. Wealth was created but wasn't left there. It was shipped to the mother country which became very rich.
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