Explain Briefly of Manchester coming to India.
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Manchester came in india during british rule arount 18 th century. indian market was flourished by manshester becoz it is cheap in rate and thus afordable to all people . But due to this indian cotton value had been decreased.
shraavanahpillai:
Thank You Sara!!
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----Export market collapsed-
As cotton Industries developed in England industrial groups began worrying about imports from other countries
----- local market shrank
Produced by machines at lower cost,the imported cotton goods were so cheap that weavers could not easily compete with them
------ Increase in raw cotton
When American civil war broke out ,the price of raw cotton shot up. Weavers were forced to buy raw cotton at exorbitant price
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