3. What was the result of the export of Manchester cloth to India?
Answers
Answered by
11
Answer:
The Indian export market crashed and the domestic market declined due to oversupply of Manchester clothes to our country. Machine made Manchester clothes were cheaper than hand-woven Indian clothes and thus the Indian weavers could not face the competition...
Answered by
0
Answer:
The result of the export of Manchester cloth to India are:
Explanation:
- Manchester imports began to gradually overtake the Indian market as England's cotton industry grew.
- The Indian cotton weavers were faced with a huge problem as a result of this circumstance.
- The legitimate effects of Manchester imports on Indian cotton weavers were
- Their domestic market shrank, and their export market collapsed.
- Because machine-made cotton clothing was so inexpensive, Indian weavers found it difficult to compete.
- Indian weavers were unable to obtain enough raw cotton as the American Civil War broke out and US cotton imports were halted.
- Additionally, raw cotton exports from India increased, making it difficult for Indian weavers to obtain enough raw cotton and forcing them to pay exorbitant prices for it.
For more similar questions refer to-
https://brainly.in/question/17020379
https://brainly.in/question/2019128
#SPJ3
Similar questions