NCERT Solutions for Class 10 Social Science History Chapter 4
Social Science Class 10 History
The Age of Industrialisation 4
Important NCERT Questions Based on new NCERT Books for Session 2022-2023
Questions No: 1 Part: c
Explain the The port of Surat declined by the end of the eighteenth century.
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The port of Surat declined by the end of the eighteenth century. Before the industrialisation, silk and cotton goods from India dominated the international market in textiles. Sea-trade operated through the main-pre-colonial ports, such as Surat which connected India to the Gulf and Red Sea Ports. However, as the European companies gained power, the old ports like Surat declined because the European companies had made Bombay and Calcutta the centers of their trade activities. The trade of the European companies was carried out in European ships. This resulted in the collapse of many of the old trading houses. Exports from
Surat fell dramatically. In the last years of the seventeenth century, the gross value of trade that passed through Surat had been ₹16 million by the 1740s it declined to ₹3 million.
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The port of Surat declined by the end of the eighteenth century on account of the growing power of European companies in trade with India. They secured many concessions from local courts as well as the monopoly rights to trade. This led to a decline of the old ports of Surat and Hoogly from where local merchants had operated. Exports slowed and local banks here went bankrupt.
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