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    Explain the following: The port of Surat declined by the end of the eighteenth century.

    Click here👆to get an answer to your question ✍️ Explain the following: 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.

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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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    [Solved] Which of the following sea ports declined after the emergenc

    The Correct Answer is Surat. Key Points With the British coming to Calcutta, the importance of Madras and Bombay increased as the trading centers and centers

    Home History Modern Indian History Rise of British Power European Traders in India

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    Which of the following sea ports declined after the emergence of East India Company?

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    SSC GD Previous Paper 29 (Held On: 6 March 2019 Shift 3)_English

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    Calcutta Bombay Vishakapatnam Surat

    Answer (Detailed Solution Below)

    Option 4 : Surat

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    Detailed Solution

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    The Correct Answer is Surat.

    Key Points

    With the British coming to Calcutta, the importance of Madras and Bombay increased as the trading centers and centers like Surat, Murshidabad, Masulipatnam began to decline.

    Bombay gave fierce competition to Surat where East India Company shifted its headquarters in 1668.

    With the growth of Bombay, the importance of Surat declined as a result of which, merchants, traders, and shipbuilders shifted their activities from Surat to Bombay as it attracted more profit and growth.

    Additional InformationSurat is a port city situated on the banks of the Tapi river.

    Vishakapatnam Port is India's third-largest state-owned port by volume of cargo handled and the largest on the Eastern Coast.

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    Explain the following: The port of Surat declined by the end of the eighteenth century

    Explain the following: The port of Surat declined by the end of the eighteenth century

    Byju's Answer Standard X History

    Emergence of Europeans in the International Market

    Explain the f... Question

    Explain the following: The port of Surat declined by the end of the eighteenth century

    Open in App Solution

    The port of Surat declined by the end of the eighteenth century

    India had a vibrant sea trade. The Port of Surat was an extremely important trading port in India.

    Surat on the Gujarat coast connected India to the Red Sea and the Gulf.

    Hooghly in Bengal, Masulipatam on the Coromandel coast had trade links with Southeast Asian ports.

    Supply merchants linked the port towns to the inland regions.

    Merchants procured the woven cloth from weaving villages by giving advances to weavers.

    Merchants carried the supply to the ports.

    At the port, the price negotiation with the supply merchants who were operating inland, were done by the brokers of export merchants and big shippers.

    A variety of Indian bankers and merchants were involved in the network of export trade – supplying exporters, carrying goods, financing production.

    Bales of fine textiles were carried on camel backs across the deserts, through mountain passes, via the North-West Frontier.

    Persian and Armenian merchants took the goods from Punjab to Central Asia, Eastern Persia, and Afghanistan.

    Decline of Trade – Surat Port

    The Indian merchants who were controlling the above mentioned trade, began breaking down by the 1750s.

    Power was gradually gained by the European companies.

    Initially the European companies gained a variety of concessions from the local courts.

    Later on, the European companies gained the monopoly rights to trade.

    These factors led to the decline of Surat port and Hooghly port which were earlier operated by the local merchants.

    From the port of Surat, the exports started declining dramatically.

    Local bankers started going bankrupt.

    The trade which was financed through earlier credit, started to dry up.

    To understand the extent of decline in trade at Surat port, by 1740s the value of trade at Surat port had come down to Rs 3 million from Rs 16 million in the last years of the seventeenth century.

    As the old ports of Surat and Hooghly declined, new ports of Calcutta and Bombay grew, signalling the growth of colonial power in India.

    Trade through new ports of Bombay and Calcutta was carried by European ships and European companies.

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    SIMILAR QUESTIONS

    Q. At the end of the eighteenth century, Poland was partitioned between which of the following powers?Q. Surat in Gujarat used to be a very important port on the western coast of India. When did its importance decline?Q.

    Explain the following:

    (a) Women workers in Britain attacked the Spinning Jenny.

    (b) In the seventeenth century merchants from towns in Europe began employing peasants and artisans within the villages.

    (c) The port of Surat declined by the end of the eighteenth century.

    (d) The East India Company appointed to supervise weavers in India.

    Q.

    why was surat important in thebseventeenth century and why its importance declined in the eighteenth century?

    Q.

    Why did the port of Surat declined at the end of 18th century?

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    स्रोत : byjus.com

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