What steps were taken by the East India Company to control the market of cotton and silk goods ? What was its impact ?

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asked Feb 6, 2018 in History by Golu (37,045 points) 19 146 419

What steps were taken by the East India Company to control the market of cotton and silk goods ? What was its impact ?

1 Answer

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answered Feb 6, 2018 by faiz (82,347 points) 6 6 11
selected Feb 6, 2018 by Golu
 
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(i) The East India Company tried to eliminate the existing traders and appointed 'Gomasthas' as supervisors.
(ii) The system of advances was introduced to have a direct control over the weavers.
Impact:
(i) Weavers devoted entire time to weaving.
(ii) They were forced to accept the prices fixed by the company.
(iii) There were reports of clashes of weavers with gomasthas.

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