Why got Manchester never recaptured its old position in the Indian market after the first world war
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Unable to modernise and compete with the US, Germany and Japan, the economy of Britain crumbled after the war.
Cotton production collapsed and exports of cotton cloth from Britain fell dramatically.
Within the colonies, local industrialists gradually consolidated their position substituting foreign manufacturers and capturing the home market
hope it helps....
Cotton production collapsed and exports of cotton cloth from Britain fell dramatically.
Within the colonies, local industrialists gradually consolidated their position substituting foreign manufacturers and capturing the home market
hope it helps....
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