How were the Indian merchants and industrialists discriminated by the Britishers?
Answers
(i) Limited market : With the introduction ol Manchester good in the Indian market the market within which Indian merchants could function became increasingly limited
(i) Limited market : With the introduction ol Manchester good in the Indian market the market within which Indian merchants could function became increasingly limited(ii) Restriction on export of manufactured goods : The Indian merchants and traders were barred from trading with Europe in manufactured goods, and had to export only raw materials and food grains-raw- cotton. opium and wheat, indigo required by the British.
(i) Limited market : With the introduction ol Manchester good in the Indian market the market within which Indian merchants could function became increasingly limited(ii) Restriction on export of manufactured goods : The Indian merchants and traders were barred from trading with Europe in manufactured goods, and had to export only raw materials and food grains-raw- cotton. opium and wheat, indigo required by the British.(iii) Introduction of modern ships: With the entry of modem ships Indian merchant were edged out of the shipping business.
(i) Limited market : With the introduction ol Manchester good in the Indian market the market within which Indian merchants could function became increasingly limited(ii) Restriction on export of manufactured goods : The Indian merchants and traders were barred from trading with Europe in manufactured goods, and had to export only raw materials and food grains-raw- cotton. opium and wheat, indigo required by the British.(iii) Introduction of modern ships: With the entry of modem ships Indian merchant were edged out of the shipping business.(iv) Exclusive chambers of the Europeans : The European merchant-industrialists had their exclusive chamber of commerce, and Indians were not allowed to become its members.The britishers eliminated the existing traders and brokers connected with the cloth trade and establish a more direct control over the weaver.
(i) Limited market : With the introduction ol Manchester good in the Indian market the market within which Indian merchants could function became increasingly limited(ii) Restriction on export of manufactured goods : The Indian merchants and traders were barred from trading with Europe in manufactured goods, and had to export only raw materials and food grains-raw- cotton. opium and wheat, indigo required by the British.(iii) Introduction of modern ships: With the entry of modem ships Indian merchant were edged out of the shipping business.(iv) Exclusive chambers of the Europeans : The European merchant-industrialists had their exclusive chamber of commerce, and Indians were not allowed to become its members.The britishers eliminated the existing traders and brokers connected with the cloth trade and establish a more direct control over the weaver.It prevented the company weavers to deal with the other buyers.
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