Question

WHY DO YOU THINK EUROPEAN RULERS ALLOWED MERCHANTS TO CARRY ON MONOPOLY BUSINESS WITH THE EAST?

Answer 1

Thank you for this question. 

The European rulers allowed merchants to carry on monopoly business with the East for the following reasons;

(i) Trade with East developed the industry in Europe. 

(ii) The European governments levied a lot of duty tax. 

(iii) East was full of resources which were available at a low price. 

Answer 2

The European rulers allowed merchants to carry on monopoly business with the east because it is beneficial for the growth of their industrial sector.  

Explanation:

• The Europeans had imposed heavy tax duties on an export which started to become a hindrance in their industrial development process. Meanwhile, there was a shortage of certain raw materials that the European countries were facing during those days.
• Their shortage felt to essentially fulfill by the eastern countries like China or India. Therefore the supply of raw materials and finished products was exported from these countries which helped in the growth and development of European industries in process boosted industrialization.

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