Describe five economic effects of the non cooperation movement
Answers
Following are the economic effects of the non-cooperation movement: • The economic effects of the non-cooperation movement were very significant. Foreign goods were boycotted, liquor shops were picketed and bonfires were lit of foreign cloth. • The domestic textile mills and handlooms industry got a shot in the arm since people had begun to prefer Indian clothes over imported ones. • Merchants and traders abstained from trading in foreign goods or finance foreign trade. • Between 1921 and 1922, the import of foreign cloth dropped by half and its value also diminished.
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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