Seth Manikchand, the Bengal banker whose house was anointed Jagat Seth, ruled financial markets for nearly fifty years through business acumen & political support.
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From the little one gathered from multiple books by William Dalrymple, the Jagat Seth were nothing but money lenders for businesses and traders. Let’s not forget that EIC was in fact a trading company then.
Also if one feels the Jagat Seth acted in a manner that enslaved the country; just think of this – a weakening rule of Delhi, an unfavourable and erratic Bengal Sultan, a financial defaulting but dominating Maratha rulers from Gwalior and Indore against a foreign company with good credit record: who will you offer monetary support to get a favourable trade market?
Pathetic article.
1. bengalis are not middlemen to divisive forces and invaders of India.
2. Why is there a desparate attempt to portray mangnichand as morgan chase of india? Why the target nepotism for bengalis only?
3. Why are you spreading hate about bengalis by linking them to zamindari, which was torture?
From the little one gathered from multiple books by William Dalrymple, the Jagat Seth were nothing but money lenders for businesses and traders. Let’s not forget that EIC was in fact a trading company then.
Also if one feels the Jagat Seth acted in a manner that enslaved the country; just think of this – a weakening rule of Delhi, an unfavourable and erratic Bengal Sultan, a financial defaulting but dominating Maratha rulers from Gwalior and Indore against a foreign company with good credit record: who will you offer monetary support to get a favourable trade market?
He was a traitor. He used his money to destroy Bengalis and earn more money out of the misery of common people , helped British to loot Bengal.
Interesting article. Baniyas have almost always indirectly ruled over us, be it Europe or India.
Pathetic article.
1. bengalis are not middlemen to divisive forces and invaders of India.
2. Why is there a desparate attempt to portray mangnichand as morgan chase of india? Why the target nepotism for bengalis only?
3. Why are you spreading hate about bengalis by linking them to zamindari, which was torture?
A very interesting piece of history. Never knew about such interconnections. Looking forward to more from this book.