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Rulers, Townsmen and BazaarsNorth Indian Society in the Age of British Expansion 1770-1870$
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C.A. Bayly

Print publication date: 2012

Print ISBN-13: 9780198077466

Published to Oxford Scholarship Online: September 2012

DOI: 10.1093/acprof:oso/9780198077466.001.0001

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The Rise of the Corporations *

The Rise of the Corporations *

Chapter:
(p.197) Chapter 4 The Rise of the Corporations*
Source:
Rulers, Townsmen and Bazaars
Author(s):

C. A. Bayly

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780198077466.003.0018

This chapter examines the rise of the corporations in India during the eighteenth century, focusing on the organisation and influence of the merchants. It reveals that ‘commercialisation’ actually blocked out the possibility of ‘capitalism’. The growth of a more commercial and bureaucratic style of government had implications for the organisation of groups between the state and agrarian society. The weakening of state power forced the corporations and towns into new defensive organisations which provided the base for a true merchant class. The specific features of such corporations also informed the relations between the elements of the later middle class. It argues that organisation of the pre-colonial Hindu corporation and of the Muslim dargah or qasbah town were a middle stage between the fluid relations of the Mughal court and the organisation of communal politics in the late nineteenth century.

Keywords:   corporations, capitalism, qasbah, Mughal court, communal politics, commercialisation, merchant class, middle class, India

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