Unit 1 Ch 3 : The Making of a Global World — Social Studies STD 10 — Question

With the increase in demand for food and other crops the need for the capital also arose. Large plantations borrowed from banks and markets. But poor peasants couldn't do so. Shikaripuri Shroffs and Nattukottai Chettiars were amongst the many groups of bankers and traders who financed export agriculture in Central and Southeast Asia, using either their own funds or those borrowed from European banks. They had a sophisticated system to transfer money over large distances, and developed indigenous forms of corporate organisation.