What was the condition of colonial economy in Vietnam? Explain
CBSE Class 10
CBSE Class 10 Social
2018-03-03 10:45:05 UTC
The colonial economy in Vietnam was, however, primarily based on rice cultivation and rubber plantations owned by the French and a small Vietnamese elite.
Rail and port facilities were set up to service this sector. Indentured Vietnamese labour was widely used in the rubber plantations.
The French, contrary to what Bernard would have liked, did little to industrialise the economy. In the rural areas landlordism spread and the standard of living declined.