Use app×
Join Bloom Tuition
One on One Online Tuition
JEE MAIN 2025 Foundation Course
NEET 2025 Foundation Course
CLASS 12 FOUNDATION COURSE
CLASS 10 FOUNDATION COURSE
CLASS 9 FOUNDATION COURSE
CLASS 8 FOUNDATION COURSE
0 votes
2.6k views
in History by (52.6k points)
closed by

The Indian Cotton export market collapsed, and the local market shrank at the beginning of the 19th century. Why?

1 Answer

+1 vote
by (52.4k points)
selected by
 
Best answer

The British cloth was very cheap. The Indian cloth was expensive as it was a hand-made and little bit uncomfortable at that time.

Their was an increase in the number of mills in Britain as a result of which huge quantities of cloth was produced at a very large scale.

In comparison to India Britain was producing on a very large scale. When the American civil war broke, there was pressure on India for all the imports in England.

As a result, a huge amount of loan was taken, and the debt increased at cotton was bought at an exorbitant price , after the war, the imports again came from America thus Indian producers had so much debt that couldn’t be repaid thus it declined on a very large scale.

Welcome to Sarthaks eConnect: A unique platform where students can interact with teachers/experts/students to get solutions to their queries. Students (upto class 10+2) preparing for All Government Exams, CBSE Board Exam, ICSE Board Exam, State Board Exam, JEE (Mains+Advance) and NEET can ask questions from any subject and get quick answers by subject teachers/ experts/mentors/students.

Categories

...