of 800 thousand pounds sterling, in coined silver, was
sent down to Fort William. Trade revival and the
signs of affluence appeared in every English house."
Capital accumulation and Industrial Revolution in
England followed capital depletion and industrial de-
volution in India. As Brook Adams rightly remarks
"In themselves inventions are passive, many of the
most important having lain dormant for centuries
waiting for a sufficient store of force to have accumu-
lated to set them working----Before the influx of the
Indian treasure and the expansion of credit which
followed, no force sufficient for this existed and had
Watt lived fifty years earlier, he and his invention
must have perished together." In 1841 Labouchere,
British Chancellor of the Exchequer, stated "The Bri-
tish have utterly destroyed the manufactures of India
by their manufactures. The district of Dacca, the
Manchester of India, has dwindled into insignificance."
And with the aid of this loot, Britain vanquished
Napoleon and built her political supremacy in the
world.