Q. 154.3( 6 Votes )

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

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.


Rate this question :

How useful is this solution?
We strive to provide quality solutions. Please rate us to serve you better.
Related Videos
Electronic Configuration and ValencyElectronic Configuration and ValencyElectronic Configuration and Valency47 mins
NCERT | The Tale of Custard the DragonNCERT | The Tale of Custard the DragonNCERT | The Tale of Custard the Dragon45 mins
Did Plants Bring an Ice Age?Did Plants Bring an Ice Age?Did Plants Bring an Ice Age?36 mins
The story of PiThe story of PiThe story of Pi47 mins
The Chemistry of SoapThe Chemistry of SoapThe Chemistry of Soap40 mins
The Dimensions of PovertyThe Dimensions of PovertyThe Dimensions of Poverty81 mins
Structure of The EarthStructure of The EarthStructure of The Earth40 mins
Realize the beauty of PyramidsRealize the beauty of PyramidsRealize the beauty of Pyramids31 mins
The Concept of Reflex ActionThe Concept of Reflex ActionThe Concept of Reflex Action46 mins
Foundation | Sum of the SeriesFoundation | Sum of the SeriesFoundation | Sum of the Series43 mins
Try our Mini CourseMaster Important Topics in 7 DaysLearn from IITians, NITians, Doctors & Academic Experts
Dedicated counsellor for each student
24X7 Doubt Resolution
Daily Report Card
Detailed Performance Evaluation
caricature
view all courses