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Lord Wellesley's expansion policy was discontinued by East India Company for which of the following reasons?
1. Expansion through war was costly and was reducing the profit of company.
2. The Company decided to reward the loyalty of the princely states.
Select the correct answer using the code given below.
Both 1 and 2
Neither 1 nor 2
1)The shareholders of the East India Company discovered that the policy of expansion through war was proving costly and was reducing their profits. The Company‘s debt had increased from £17 million in 1797 to £31 million in 1806. Moreover, Britain‘s finances were getting exhausted at a time when Napoleon was once again becoming a major threat in Europe. British statesmen and the directors of the Company felt that time had come to check further expansion, to put an end to ruinous expenditure, and to digest and consolidate Britain‘s recent gains in India. Wellesley was, therefore, recalled from India.
2) It was the reason to discontinue annexation after revolt of 1857.
By: Rameez Reza ProfileResourcesReport error
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