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Why did Indian Trade Network break …

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Why did Indian Trade Network break down in 1750s?

Posted by Devansh Srivastava 6 years, 9 months ago

CBSE > Class 10 > Social Science

1 answers

Yogita Ingle 6 years, 9 months ago

(i) European trading companies gained power. First, they acquired trading concessions from local rulers, then monopolised rights to trade.
(ii) This resulted in the decline of the old ports of Surat and Hoogly.
(iii) Exports from the old ports fell dramatically and local bankers slowly went bankrupt.

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