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Why could Manchester never recapture its …

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Why could Manchester never recapture its old position in Indian Market after the first world war ?

    • Posted by Mama Sahu Rupali Sahu 6 years, 8 months ago

    CBSE > Class 10 > Social Science
    • 1 answers

    Yogita Ingle 6 years, 8 months ago

    • Unable to modernise and compete with the US, Germany and Japan, the economy of Britain crumbled after the war.
    • Cotton production collapsed and exports of cotton cloth from Britain fell dramatically.
    • Within the colonies, local industrialists gradually consolidated their position substituting foreign manufacturers and capturing the home market.

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