Question

how did the British established a Monopoly in cotton and Silk made

Answer 1

The British established a Monopoly in cotton and silk trade as follows:

1) They appointed a paid servant or the Gomasthas to directly purchase cloth from the weavers. This eliminated the existing traders control over the weaver.

2) They created a system of loans and advances. The weavers who were eager to increase their income readily accepted these loans.

3) The loans tied the weavers to the East India company and the space in which the weavers could bargain became increasingly limited.

Answer 2

(i) They established political power to assert monopoly their right to trade.

(ii) The company tried to eliminate the existing traders and brokers connected with the cloth trade, and establish a more direct control over the weavers.It appointed paid servants called the Gomasthas, to supervise weavers, collect supplies and examine the quality of cloth.

(iii) It prevented the company weavers from dealing with other buyers. Once an order was placed, the weavers were given loans to purchase the raw material. Those who took loans had to hand over the cloth they produced to the Gomasthas only. They could not take it to any other trader.

(iv) They developed a system of management and control that would eliminate competition, control cost and ensure regular supply of cotton and silk goods.

(v) The weavers had to sell at a price dictated by the company. By giving the weavers a loan, the company tied the weavers with them.