Why were the weavers tied with the company traders
Answers
Explanation:
Once an order was placed, the weavers were give loans to purchase the raw material for their production. ... Because they have taken advances from the Gomasthas, those loans and advances had tied them to the Company so they can't trade with any one and the price they received from the Company was low.
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The weavers tied with the company traders due to following reasons;
Explanation:
In order to reduce competition the weavers was tied with company traders. Company started the system of providing advance money to the weavers to ensure the delivery of cotton products.
Under this system if the order is placed with weavers they was provided with advance money. This has reduced the scope of bargain and if weaver took the advance payment they have to deliver the material without any failure. Company also appointed the person to look after all the trading activities of weavers known as Gomasthas.
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