EPISODE · Jul 21, 2026 · 7 MIN
The Jagat Seths: The Bankers Who Bankrolled Bengal's Conquest
from The Rise of Colonialism: How Europe Divided the World — Fexingo History · host Fexingo
Long before the East India Company ruled Bengal, a family of bankers held the subcontinent's purse strings. The Jagat Seths — whose name literally means 'Banker of the World' — controlled Bengal's mint, financed its nawabs, and ultimately decided the fate of empires. In this episode, Lucas and Luna explore how a single merchant house amassed more wealth than European trading companies, why their betrayal of Nawab Siraj-ud-Daulah proved decisive at Plassey, and how their financial stranglehold made them the silent architects of British rule. From Murshidabad's bustling markets to the secret ledgers that toppled kingdoms, discover the untold story of the men who could buy and sell governors — until the Company they helped empower turned on them. Featuring the Jagat Seth family tree, the banking instruments of early modern India, and the tragic irony of the world's richest bankers being erased from history. #JagatSeth #BankersOfBengal #BattleOfPlassey #EastIndiaCompany #SirajUdDaulah #Murshidabad #BengalHistory #IndianBanking #ColonialIndia #FinancialHistory #Betrayal #MirJafar #Plassey #NawabOfBengal #TradeAndEmpire #History #FexingoHistory #Podcast Keep every episode free: buymeacoffee.com/fexingo
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The Jagat Seths: The Bankers Who Bankrolled Bengal's Conquest
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