describe briefly any three economic effects of non cooperation movement
Answers
The economic effects during the Non cooperation movement are:
★ Foreign goods were boycotted, liquor shops were picketed and foreign clothes were burnt up hugely
★ The important of foreign clothes halved between 1921 and 1922, it's value dropping from 102 crore to 57 crore rupees
★ In many areas, traders refused to trade with foreign goods. They even refused to finance foreign trade
★ As the boycott movement spread, people began to use khadi clothes and discarded foreign clothes. As a result, Indian mills and handloom went up largely
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