An analysis of the differences in the economic systems of the West Indies and India and the economic involvement of Britain in these areas.
Written in 2006; 2,306 words; 9 sources; MLA; $ 71.95
Paper Summary:
This paper discusses the similarities and differences between the 'stories' of British economic involvement in the West Indies and in the Indian subcontinent between 1750 and 1860. The paper looks at the uniqueness and complexity of each economic system and how British economic involvement in the territories forged a new 'British identity', based on the goods imported at the time.
From the Paper:
"Furthermore, a major difference between the economic involvement of Britain in the West Indies and India, at least in some historian's eyes, is the nature of the influence of entrepreneurial figures. For instance, Cain and Hopkins regularly use the term Gentlemanly Capitalism to describe British economic involvement in India. The term is extremely subjective, but it can be understood to refer to a new and 'respectful' kind of Capitalism, based on the existing system of Indian capitalism as well as meaning a gentlemanly pursuit of new forms of commercial activity, such as finance, away from traditional land-owning and industry. This form of an economic aim or economic involvement did not exist in the West Indies; in fact the economic aim was diametrically opposed to that of India. In the West Indies, 'Gentlemanly' conduct was not in the economic lexicon; simply only what was economically viable. This was the case because of the very different nature of commercial activity there. Slavery was, intrinsically, a base, brutish practice, which involved the desensitising of both profiteers and victims; slaves were viewed as a commodity or chattel, while status was not based on the type of economic activity engaged in, e.g. finance, but on the amount of slaves a member of the 'plantocracy' had amassed."
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