a) Traders and moneylenders were profited from jute cultivation.
b) Peasants of Bengal cultivated raw jute in the hope of better yield and increase in exports.
c) But this would not happen as gunny exports collapsed due to the depression and price of raw jute crashed 60%.
d) Peasants who borrowed money from moneylenders fell into debt.
e) Thus, only the traders and moneylenders were getting huge profit from jute cultivation not the farmers.
