Question

examine the nature of the network of Indian export trade before 1750's....

Pls answer quickly...

For 5 marks Question

Answer 1

(i) A variety of Indian merchants and bankers were involved in the network of export trade-financing production, carrying goods and supplying exporters.

(ii) Supply merchants linked the port towns to inland regions. They gave advances to weavers, procured woven cloth from weaving villages and carried the supply to the ports.

(iii) At the port big shippers and export merchants had brokers who negotiated the price and bought goods from the supply merchants operating inland. This network of Indian merchants collapsed by 1750.

Answer 2

Nature of Indian export trade before 1750's:

a. Before 1750, fine variety of coarse cotton was extensively traded from Punjab, Afghanistan by Persian and Armenian merchants.

b. Land routes cutting across mountains, passes were used by these traders to export cotton.

c. Apart from land rotes, maritime trade also existed, Surat, Masulipatam, Hoogly emeged as important sea ports and trading centres.For instance Surat in Gujarat connected Gulf and the Red sea ports.

d. Indian merchants and bankers also played a very important role in this network of trade as they provided advances to weavers and carried goods, finished products to the exporters.

Role played by Indian entrepreneurs :

 a. The role played by Indian entrepreneurs is linked with the British trade of opium with China, wherein many Indians like Dwarkanath Tagore,Parsis like Dinshaw Petit and Jamsetjee Nusserwanjee Tata became important players in this trade by providing finances and procuring, shipping supplies.

b. This helped them in making huge wealth from the trade with China, they were also involved in trade netwoks in Burma, Africa etc.

c. This helped them to set up huge industrial empires in India. For example Seth Hukumchand set up first jute mill in Calcutta in 1917.

d. There were many people who were involved in providing finances, transferring funds within cities who later invested in industries and set up factories.

e. They were men of great vision, foresightedness and were ready to undertake new industrial ventures.

f. They also collaborated with European agencies providing capital to them.

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