Question

what steps were taken by east india company to control the market of cotton and silk goods

Answer 1

he market of cotton and silk goods was controlled by Indians through the ports of Surat and Hoogly. However, by 1750s the control of Indians started to decline and was taken over by the East India Company.
!. They secured concessions from local courts and then the monopoly rights to trade.
2. The old ports of Surat and Hoogly were replaced by Bombay and Calcutta.
3.Trade through these ports were controlled by European ships.
4.They tried to eliminated competition, control costs and supplies of the cotton and silk cloth. For that they followed the following steps-
a) They established a direct control over the weaver and appointed a paid servant called gomastha who was to supervise weaver, control supplies,and examine the quality of cloth.
b)Company weavers were prevented to deal with the buyers through the system of advances.
c)After placing the order, loans were given to weavers to purchase the raw material for their production. because of which whose who took loan had to hand over the cloth produced to the gomasthas.

Answer 2

The East India company controlled the market of cotton and silk and goods the following manner:

1. The company try to eliminate the existing traders and brokers connected with the cloth trade, and establish a more direct control over the weavers. For this, it appointed a paid servant called the gomastha. The duties of gomasthas included supervising weavers, collecting supplies, and examining the quality of cloth.
2. To have a direct control over the weavers, the company started the system of advances. Once an order was placed, the weavers were given loans to purchase the raw materials for their production, due to which those who took loans had to hand over the cloth they produced to the gamastha..