why had the surat and Hooghly ports declined by the end of 18th century?
Answers
Answer:
Explanation:
A network of a variety of Indian merchants and bankers were involved in the export trade, financing production, carrying goods and supplying exporters. Supply merchants linked the port towns to the inland regions. They gave advances to weavers, procured the woven cloth from weaving villages, and carried the supply to the ports. At the port, the big shippers and export merchants had brokers who negotiated the price and bought goods from the supply merchants operating inland. By the 1750s this network, controlled by Indian merchants, was breaking down. The European companies gradually gained power – first securing a variety of concessions from local courts, then the monopoly rights to trade. This resulted in a decline of the old ports of Surat. The same happened with Hooghly.
1. The main and the most special reason of the decline of surat port was as the European companies situated their powers in india in the case of supply.
2. After that the European companies suddenly got the power and they took their control over the sea trade.
3. European companies offered my special conseesion in the local areas which led to take the power of right to trade.
4. But the European companies wanted to use the new ports as compare to Surat , Masulipatnam , Hooghly.
5 . After this the European company makes a new port which was generally referred as port of Bombay.