Wednesday, December 19, 2007

East India Company

The East India Company took folowing steps to procure regular supplies of cotton & silk from indian weavers.

1) a)The company secured the monopoly rights over indian trade,
b) Eliminated existing traders.
c) Established direct control over the weavers.

2) a) East India Co: appointed a paid servant called the Gomasthas.
b) They suprervised over weavers.
c) Collected supplies.
d) Examined the quality of cloth.

3) a) The East India Co: made advance payment to the weavers,
to purchase raw material for their production.

4) The weavers had to hand over the cloth to Gomasthas,
they could not sell the cloth in any other market.

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