Question

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

Answer 1

Answer:

HEYY MATE...

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

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.

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.

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.

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