explain the impact of british monopoly in trades over indian weavers
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By establishing political power, the English East India Company could assert the monopoly right to trade. It developed a system of management and control that would eliminate competition with the existing traders. It would also control costs and ensure a regular supply of cotton and silk goods.
2. By fighting competition, they established direct contact with weavers through gomasthas who collected supplies, examined quality, supervised weavers, often physically punishing weavers.
3. It prevented the weavers from dealing with other brokers and buyers through a system of advances. The loans tied the weavers to Gomasthas as they could only supply to him.
4. As loans flowed that in and demand for fine textiles expanded weavers eagerly took the advances. Now they leased out their lands and the whole family devoted all their time to weaving.
5. The weavers lost space to bargain for prices and were forced to accept the miserably low prices offered by the Company. In some places, they revolted and went back to agricultural labor.
2. By fighting competition, they established direct contact with weavers through gomasthas who collected supplies, examined quality, supervised weavers, often physically punishing weavers.
3. It prevented the weavers from dealing with other brokers and buyers through a system of advances. The loans tied the weavers to Gomasthas as they could only supply to him.
4. As loans flowed that in and demand for fine textiles expanded weavers eagerly took the advances. Now they leased out their lands and the whole family devoted all their time to weaving.
5. The weavers lost space to bargain for prices and were forced to accept the miserably low prices offered by the Company. In some places, they revolted and went back to agricultural labor.
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