explain the effect of non cooperation movement on the economic front.
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Following is 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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