what happened after the decline of cottage industry due to import of British manufacture good and what was its result
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Answer:
Explanation:
Effects of the Decline in India’s Cottage Industries:
The decline of India’s cottage industries had a disastrous effect on the economy of the country. The Indian village system had been built on the “domestic Union of agricultural and manufacturing pursuits”. The handloom and the spinning wheel were the pivots of the old Indian society.
However, the British broke up the Indian handloom and destroyed the spinning wheel and thus produced “the greatest social revolution ever heard of in Asia”. This revolution not only destroyed the old manufacturing towns but also destroyed the balance of economic life in the villages.
From this arose the desperate over-pressure on agriculture which has continued, on a cumulative scale, right up to the present day.