How didi the east india companiesprocure regular supplies of silk and cotton textile?
Answers
HEY ❤️
The East India Company adopted various steps to ensure regular supplies of cotton and silk textiles.
(i) Established political power to assert monopoly right to trade.
(ii) Developed a system of management and control that would eliminate competition, control cost and ensure regular supply of cotton and silk goods.
(iii) Eliminated the existing traders and broker connected with cloth and established direct control with the weaver.
(iv) Appointed paid servants called gomasthas to supervise weavers, examine the quality of the cloth and collect supplies.
(v) Weavers were not allowed to contact other buyers. Weavers were given advances and were offered the loan to buy raw material. Those who took advance or loan could not contact any other trader.
(vi) The weavers had to sell at a price dictated by the Company. By giving loan the Company bed the weavers with them.
HOPE IT HELPS ❤️
Answer:
The English East India Company used different means to procure silk and cotton from the weavers: Appointment of paid supervisors called Gomasthas. They also collected supplies and examined cloth quality of the weavers. Prevention of Company weavers from dealing with other buyers through a system of advances and loans...
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