Question

Why did the Indian trade network break down in the 1750s? Explain any three reasons.

Answer 1

Answer:

Weavers gave their whole time to weaving thus accepted the fixed price of the market. ...

The system of loans and advances led to the Indians weavers taking more loans which led to the accumulation of tax and debt at a huge rate.

The trade network controlled by Indian merchants was breaking down by the 1750's because by this time the British East India Company had had firm control over the local markets

Answer 2

Answer:

European trading companies gained power. First, they acquired trading concessions from local rulers, the monopolized rights to trade.