Describe any four economic effect of cooperation movement
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The Economic effects of Non Cooperation were:
1. Foreign goods were boycotted on a large scale, liquor shops were picketed, and foreign clothes were burnt in huge bonfires.
2.The import of foreign cloth halved between 1921 and 1922, its value dropped from Rs 102 crore to Rs 57 crore.
3. Merchants and traders refused to trade in foreign goods or finance foreign trade.
4. People started discarding foreign cloth and began wearing only Indian clothing, production of Indian textile mills and hand looms went up.
1. Foreign goods were boycotted on a large scale, liquor shops were picketed, and foreign clothes were burnt in huge bonfires.
2.The import of foreign cloth halved between 1921 and 1922, its value dropped from Rs 102 crore to Rs 57 crore.
3. Merchants and traders refused to trade in foreign goods or finance foreign trade.
4. People started discarding foreign cloth and began wearing only Indian clothing, production of Indian textile mills and hand looms went up.
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Explanation:
The effects of Non-Cooperation Movement on the economic front were immense. They were
(i) Foreign goods were boycotted, liquor shops picketed , and foreign clothes were burnt hugely.
(ii) The import of foreign clothes halved between * 1921 and 1922, its value dropping from 102 crore to 57 crore rupees.
(iii) In many areas, traders and merchants refused to trade in foreign goods and sometimes even they refused to finance foreign trade.
(iv) As the boycott movement spread, people used only Indian clothes and began to discard foreign clothes.
As a result, production of Indian textile mills and handloom went up largely
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