History · Colonial Economy
UGC NET June 2014 History
What was the main reason for 'deindustrialization' during the Company period?
AIndian handicrafts could not withstand the pressure
BIndian markets were flooded with cheap machine-made goods from England ✓ Correct
CIndian rulers could not extend patronage to native handicrafts
DLocal jagirdars and zamindars had disappeared
Correct answer: (B) Indian markets were flooded with cheap machine-made goods from England — The main reason was the flooding of Indian markets with cheap machine-made goods, so that is the answer.
Explanation
★The main reason was the flooding of Indian markets with cheap machine-made goods, so that is the answer.
★Cheap cloth from the mills of England poured into India.
★It undersold the cloth made by Indian handloom weavers.
★The weavers could not compete and many lost their livelihood.
★Heavy duties on Indian exports added to their ruin.
★This destruction of crafts is called deindustrialization.
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