Reason of breaking down the network …

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Reason of breaking down the network of foreign trade of indian merchant in the 18th century

Posted by Raj Arya 7 years ago

CBSE > Class 10 > Social Science

2 answers

Sapna Jain 7 years ago

Trade barrier

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Gaurav Seth 7 years ago

A. The India cotton industry and textiles , including silk centuries had for centuries made India's name a byword in the World . Merchants from Central Asia through land and sea routes established a vast network of export trade .This trade network also involved bankers, merchants in giving finances/advances to weavers, in supplying goods to exporters.

b. In India, new trading centres however came up under the control of European Colonial powers. For instance, with the advent of European companies in India, new trading centres of Bengal, Bombay rose to prominence.
c. These European companies were granted monopoly righst and concessions from the rulers to trade in India.
This impacted the trade network of Indian merchants in places like Surat , Hoogly.

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