Describe five economic effect of non cooperation movement
Answers
1.Foreign goods were boycotted, liquor shops picketed and foreign cloth burnt in huge bonfire.
2.The import of foreign cloth halved between 1921 and 1922, its value dropping from 102 crore to 57 crore.
3.In many places, merchants and traders refused to trade.
4.As the boycott movement spread and people began discarding imported clothes and wearing only Indian ones, production of Indian textile mills and handlooms went up.
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