Question

elaborate the steps taken by East India Company to regularise the supply of goods for exports? How did the indian weavers react to it​

Answer 1

* import duties on cotton Textiles in Britain-

Industrial groups pressurised the government to impose import duties on cotton Textiles so that Manchester goods could sell in written without competition.

* exports of British cotton goods increased-

Industrialist persuaded the EEIC to sell British manufactured products in India which resulted in dramatic increase in exports of British goods.

* problems faced by the Indian cotton Weavers-

The Weavers faced two problems at the same time:

-> there export market collapsed and

the local market shrank.

-> Weavers could not compete with

the imported cheap cotton goods.

* insufficient amount of raw cotton to Weavers-

When US civil war broke out, cotton supplies from US market were cut off, so Britain turned to India. Raw cotton exports from India increased and prices of cotton shot up. Weavers were forced to buy raw cotton at very high prices.

* industries set up in India:

Factories in India begin production flooding the market with machine goods.

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