The 1857 Siege of Delhi is significant for at least two reasons, one more tangible than the other. On the practical level, Britain’s victory effectively stifled the 1857-1859 Indian Rebellion, ensuring that it would ultimately fail even though the conflict continued for some time afterward. On the more intangible note, the siege marked the formal end of the Mughal Dynasty, which ruled most of modern India and Pakistan for more than three centuries. I say “formal” end because in any practical sense the Mughals were already long since defunct.
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The Foreign Exchanges Companion 