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How did the British establish a monopoly in cotton and silk trade? (3 Marks)

Posted by ?® @ |-| U |_ ? T |-| £ ?G ® £ @ T ♂? 5 years, 8 months ago

CBSE > Class 10 > Social Science

2 answers

?® @ |-| U |_ ? T |-| £ ?G ® £ @ T ♂? 5 years, 8 months ago

Thanks Yogita

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Yogita Ingle 5 years, 8 months ago

The British established a Monopoly in cotton and silk trade as follows:

1) They appointed a paid servant or the Gomasthas to directly purchase cloth from the weavers. This eliminated the existing traders control over the weaver.

2) They created a system of loans and advances. The weavers who were eager to increase their income readily accepted these loans.

3) The loans tied the weavers to the East India company and the space in which the weavers could bargain became increasingly limited.

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