What was the impact of the Charter Act of 1833? Discuss. 

The period followings the enactment of the Charter Act of 1833 witnessed great change in England. The industrial revolution had a great impact in England. The Industrial revolution ushered a period of Machine Age which induced a revolutionary change in the method of production. Cheap products of the new machine and their massive exports to the foreign countries widened the prospects and also changed the perspective of the traders. The flowing of moneys dues to the open trade induced a spirit of Independence. Moreover the Marxist Concepts class-consciousness gave a new color to the British idea of politics. A new enlightened class came into existence. In this new age intelligent writers emerged and echoed the significance of the New Age.

In the year 1830, when the Whigs came into power in the political scenario of England, it opened a way of the triumph of the liberal principles. The Rights of Men was emphasized. Consequently the great Reform Act was passed in the year 1832. The concepts of laissez faire were duly emphasized.

The liberal Whigs controlled the Parliament and it upheld the triumph of the liberal ideas. Though there were many supporters of the Company who did not advocate the transference of powers to the Crown, majority considered that the company should cease to be ____ ________ ____ _______ ______ ___ ___ _______.
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