Question

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

Answer 1

1.they asserted monopoly rights on cotton and silk goods.
2. they appointed gomasthas to supervise the production.
3. weavers were given advances,and they were bonded to sell their products to   british only.
4. weavers were being punished if they delay.

Answer 2

The following are the steps taken by the EEIC to control the market of cotton and silk goods:

1. The EEIC established its monopoly over the right to trade. Thereafter, the EEIC continued to develop a practice of supervision and control that would reduce competition, control prices, and secure regular stocks of silk and cotton goods.  

2. The company in order to control the weavers designated a paid secant called the Gomasthas. Through their recruitment, the EEIC wanted to establish a more direct authority over the Indian weavers.  

3. A system of advance: this system was started by the company as a part of its policy to keep control of the Indian weavers. Once the order was placed, the weavers were provided with loans to b buy raw material for production.