Question

Why did the British use gold and silver for trade in India before 1765 ?

Answer 1

Answer:

Explanation:

Trade. "It was stated in evidence (in 1813) that the cotton and silk goods of India, up to this period, could be sold for a profit in the British market at a price from 50 to 60 per cent. lower than those fabricated in England. It consequently became necessary to protect the latter by duties of 70 or 80 per cent.