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Question
Answer the following question briefly:
The first century of British rule resulted in the decay and destruction of the traditional Indian trade and industry. Explain this statement with reference to the following:
Political powers of the Company
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Solution
After the Battle of Plassey in 1757, the company used its political power to destroy the Indian handicraft industry and promote British industries. The Indian weavers were forced to sell their products to the Company at very low prices. To add to their miseries, they were compelled to buy interior raw cotton at high prices from the Company officials who bought it from the Indian farmers at low rates.
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