Economy, asked by NamelessWonder6708, 1 year ago

Why could manchester never recapture its old position in the indian market after the war?

Answers

Answered by sourabhchandravanshi
105

Answer =

* unable to modernise and complete with the US , Germany and Japan the economy of Britain crumbled after the world war.


* cotton production collapsed and exports of cotton cloth from Britain fail dramatically.


* within the colonies local Industrialist gradually consolidated their position substituting foreign manufacturers and capturing the home market.

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Answered by AadilAhluwalia
8

Manchester could never recapture its old position in the Indian market after the war because of the following reasons.

  • The economy of Manchester got shattered after the war.
  • It was unable to renew the destruction and therefore could not get modernized.
  • It was left behind in the global market. As it could not keep pace with the fast-changing world and most of the time went on improving the war destructions.
  • As a consequence of the war, the cotton production in Manchester collapsed and was no longer exported which caused huge losses.
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