how did east india company tried to eliminate existing traders and brokers from cloth trade. do you think these practices are still prevelent in some areas of indian trade. give examples.
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The East India Company asserted monopoly over the Indian traders.
They established as a strong political power in this country and due to that strong foothold they tried to establish the monopoly in the Indian trading market.
They wanted to eliminate the traders that were already there and established their direct control over the weavers.
The EIC appointed Gomasthas who were paid servants looking after the weavers and their supplies. they also examined the quality of the cloth.
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