What was the effect of the Calico act on India cotton cloth industry
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Parliament began to see a decline in domestic textile sales, and an increase in imported textiles from places like China and India. Seeing the East India Company and their textile importation as a threat to domestic textile businesses, Parliament passed the 1700 Calico Act, blocking the importation of cotton cloth.
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Parliament began to see a decline in domestic textile sales, and an increase in imported textiles from places like China and India. Seeing the East India Company and their textile importation as a threat to domestic textile businesses, Parliament passed the 1700 Calico Act, blocking the importation of cotton cloth.
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The Calico Act of 1721 (which was intended to protect the wool and silk industries) actually banned most varieties of pure-cotton cloths in general, not just Indian.Before the era of mechanisation, British ‘cotton’ was overwhelmingly cotton-linen, a limitation of British technology (in the economic sense).Mainstream economic theory supplies many justifications for interventionist trade policy to promote innovation. But the standard rationales simply do not apply to constant returns-to-scale activities such as handicraft cottage industry.Lancashire would have survived competition with Indian cloths in an unprotected home market.British machine-spun yarn never faced any direct foreign competitor, since Britain barely imported cotton yarn in the 18th century. The domestic output of yarn was affected by foreign competition only to the extent that it was turned into printed cloth.But there were many other products besides British imitations of Indian cloth which used cotton yarn as a major input, and their role in the mechanisation of yarn production is overshadowed by a selective, Whiggish genealogy which overemphasises
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Here is ur ans
______________☺☺☺
The Calico Act of 1721 (which was intended to protect the wool and silk industries) actually banned most varieties of pure-cotton cloths in general, not just Indian.Before the era of mechanisation, British ‘cotton’ was overwhelmingly cotton-linen, a limitation of British technology (in the economic sense).Mainstream economic theory supplies many justifications for interventionist trade policy to promote innovation. But the standard rationales simply do not apply to constant returns-to-scale activities such as handicraft cottage industry.Lancashire would have survived competition with Indian cloths in an unprotected home market.British machine-spun yarn never faced any direct foreign competitor, since Britain barely imported cotton yarn in the 18th century. The domestic output of yarn was affected by foreign competition only to the extent that it was turned into printed cloth.But there were many other products besides British imitations of Indian cloth which used cotton yarn as a major input, and their role in the mechanisation of yarn production is overshadowed by a selective, Whiggish genealogy which overemphasises
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