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