"The American Civil War resulted in the reduction of cotton export from India " Do you think the statement is true ? support your answer
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Answer:
False
Explanation:
The reasons:
(i)As cotton industries developed in England, industrial groups began worrying about imports from other countries. They pressurised the government to impose import duties on cotton textiles so that Manchester goods could sell in Britain without facing any competition from outside.
(ii)At the same time industrialists persuaded the East India Company to sell British manufactures in Indian markets as well.
(iii)Produced by machines at lower costs, the imported cotton goods were so cheap that weavers could not easily compete with them.
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