Explain any three effects of non cooperation movement on the economy of india
Answers
Explanation:
Three effects of Non-cooperation on the economy:
1. The import of foreign cloth became half by 1922 because its demand had drastically fallen.
2. Merchants and traders refused to handle foreign goods or finance in many places.
3. Indian textile mills’ and handlooms’ demand grew as Indian clothes were now in huge demand.
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The non-Cooperation movement throughout India's struggle for freedom had many consequences on the monetary front. The main results were:
1. With the call of the non-cooperation movement, shopkeepers and the public boycotted foreign goods.
2. The motion in towns received much help from the middle elegance people who picketed liquor stores, and foreign garments were burnt in large numbers. In many places, merchants and buyers refused to trade in overseas goods or finance foreign trade.
3. The people started out discarding imported clothes and wore the simplest Indian ones. The production of Indian textile mills and handlooms went up pretty impressively.
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