Question

How did the british established a monopoly in cotton and silk trade?

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

The British wanted direct control on the cotton and silk trading so they removed the existing traders and brokers to establish their direct control. They appointed their own person as a paid servant who was referred to as the Gomasthas to supervise the weavers.

Explanation:

• The British prohibited the weavers from dealing with other buyers. The Gomasthas would deal with the suppliers and the weavers and check on the quality of the cloth and the work.  

• Once the orders were placed on the weavers they were given loans for buying the raw materials.  

• Once they would take the loans they had to hand over the cloth they produced to the Gomasthas. Thus it was the monopoly of the British that the weavers could not deal with other buyers.

Learn more about British

Why did the soldiers of Barrackpore revolt against the British officers?

https://brainly.in/question/8493762

What was the aim of the British in acquiring tribal lands?

https://brainly.in/question/1364608