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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