Why is the period up to 1750
a.d before the machine age called ‘ age of indian textiles'?
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The Age of Indian Textiles
Before the age of machine industries, silk and cotton goods from India dominated the international market in textiles.
Armenian and Persian merchants took the goods from Punjab to Afghanistan, eastern Persia and Central Asia.
A vibrant sea trade operated through the main pre-colonial ports. Surat connected India to the Gulf and Red Sea Ports; Masulipatam and Hoogly had trade links with Southeast Asian ports.
A variety of Indian merchants and bankers were involved in this network of export trade – financing production, carrying goods and supplying exporters.
How did this network breakdown?
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.
There was a decline of the old ports of Surat and Hoogly through which local merchants had operated. Exports from these ports fell dramatically, credit began drying up, and the local bankers slowly went bankrupt.
Trade through the new ports (Bombay and Calcutta) came to be controlled by European companies, and was carried in European ships.
Before the age of machine industries, silk and cotton goods from India dominated the international market in textiles.
Armenian and Persian merchants took the goods from Punjab to Afghanistan, eastern Persia and Central Asia.
A vibrant sea trade operated through the main pre-colonial ports. Surat connected India to the Gulf and Red Sea Ports; Masulipatam and Hoogly had trade links with Southeast Asian ports.
A variety of Indian merchants and bankers were involved in this network of export trade – financing production, carrying goods and supplying exporters.
How did this network breakdown?
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.
There was a decline of the old ports of Surat and Hoogly through which local merchants had operated. Exports from these ports fell dramatically, credit began drying up, and the local bankers slowly went bankrupt.
Trade through the new ports (Bombay and Calcutta) came to be controlled by European companies, and was carried in European ships.
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