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Industrialisation in colonies - Coggle Diagram
Industrialisation in colonies
Age of Indian Textiles
Silk and cotton textiles dominated international market
Finer cotton came from India
Armenian & Persian merchants
took goods
from Punjab to Afghanistan, E Persia & Central Asia
Surat
on Gujarat coast
connected Gulf and Red Sea Ports
Masulipatnam
on Coromandel coast and
Hoogly
had
trade links w/ SE Asian ports
Supply merchants
linked port towns to inland regions
Gave
advances to weavers
, procured woven cloth, and carried
supply to ports
At port,
big shippers and export merchants
had
brokers who negotiated price
and
bought goods
Decline of old ports
European companies gained power by
securing concessions
and
then monopoly rt to trade
Exports from Surat & Hoogly ⬇
, and
credit began drying up
Thus,
local bankers went bankrupt
New ports like
Bombay and Calcutta grew
Growth of new ports
symbolised growth of colonial power
Before getting monopoly rt to trade,
EIC often had difficulty in exporting cotton cloth
Bcoz
French, Portuguese, Dutch
and local
merchants often fought for the woven cloth
Weaver and supply merchant
bargained and sold cloth to highest buyer
Trade was controlled by EC's
and
goods were shipped in EC ships
After rt to trade
Established control over trade by
eliminating comp
.
controlling costs
and
ensuring regular supply of goods
Step 1
Established more direct control over weavers
Appointed paid servant called
gomastha
to
supervise weaver, collect regular supplies
and
examine quality
Eliminated existing
traders and connected brokers
Step 2
Gave loans to weavers to purchase materials required
Prevented Company weavers from dealing with other buyers
Those who took loans
had to hand over cloth to gomasthas