how did monopoly of British company begin in India
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After establishing political power in Bengal by the middle
of the 18th century, the East India Company began to assert monopoly
right to trade. British cotton industries were not developed, but the
Indian fine textiles were in great demand in Europe.
So, the East India Company was keen on expanding textile exports from India. The company developed a system of management and control that would eliminate competition, control costs and ensure regular supplies of cotton and silk goods.
They appointed paid gomasthas to supervise
weavers, collect supplies and examine the quality of cloth.
So, the East India Company was keen on expanding textile exports from India. The company developed a system of management and control that would eliminate competition, control costs and ensure regular supplies of cotton and silk goods.
They appointed paid gomasthas to supervise
weavers, collect supplies and examine the quality of cloth.
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