How did the East India company procure regular supply of cotton & silk textile from the Indian Weaver's
Answers
The East India Company adopted various steps to ensure regular supplies of cotton and silk textiles.
(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.
The East India Company took various steps to ensure a regular supply of cotton and silk fabrics.
Explanation:-
(i) They established political power to claim their monopoly on trade.
(ii) The Company tried to eliminate the existing traders and brokers involved in the textile trade and to establish more direct control over the weavers. It employed salaried servants called gomasthas to supervise the weavers, collect supplies and check the quality of the cloth.
(iii) It prevented the weavers of the company from dealing with other buyers. Once orders were received, loans were given to weavers to buy raw materials. The borrowers had to hand over their produce to the cows. They could not take it to any other merchant.
(iv) He developed a system of management and control which would eliminate competition, control costs, and ensure a regular supply of cotton and silk goods.
(v) Weavers had to sell at the price fixed by the company. By giving loans to the weavers, the company tied up the weavers with them.