History, asked by Aahilkk68, 1 year ago

the port of Surat declined by the end of the 18th century explain three causes

Answers

Answered by nikhilbastian
377
(i) The European companies were gaining power by securing a variety of concessions from the local courts.
(ii) Some of the European companies got the monopoly rights to trade. All this resulted in the decline of Surat Port by the end of the eighteenth century. In the last years of the seventeenth century, the gross value of trade that passed through Surat had been ` 16 million. By the 1740s, it had slumped to ` 3 million. With the passage of time, Surat and Hoogly decayed, while Bombay (Mumbai) and Calcutta (Kolkata) grew. 
(iii) It was very difficult for the Indian merchants and traders to face the competition as most of the European countries had huge resources. 
Answered by mindfulmaisel
155

Here are three reasons behind the decay of the Surat port by the end of 18th century:

 

1) The British merchants had huge resources when compared to the Indian merchants. So it was difficult for them to compete with Britishers. Hence the Indian production reduced.

2) Some of the European companies had monopoly rights by which only they only had authority to produce the products and set prices according to their choice.

3) Some of the European companies gained concession through which they were able to sell their products at lower prices set by Indian merchants.

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