Read the statement and write if they are True or False. Correct the false statement.
a.
During the outbreak of the American Civil Wars, the demand for cotton supply decreased in India. This led to the downfall of the rates of cotton.
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Explanation:
When the American Civil War broke out and cotton supplies from the US were cut off, Britain turned to India. As raw cotton exports from India increased, the price of raw cotton shot up. Weavers in India were starved of supplies and forced to buy raw cotton at exorbitant prices. In this, situation weaving could not pay.
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