what steps were taken by the east India company to control the market of cotton and silk goods? What was its impact
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The East India Company controlled the market of cotton and silk goods in the following manner :
1.The Company tried 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 material for their production, due to which those who took loans had to hand over the cloth they produced to the gamastha.
1.The Company tried 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 material for their production, due to which those who took loans had to hand over the cloth they produced to the gamastha.
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