Question:
"Opening up of Suez Canal helped in establishing the British monopoly control over India's foreign trade".
Justify the given statement with valid arguments.
"Opening up of Suez Canal helped in establishing the British monopoly control over India's foreign trade".
Justify the given statement with valid arguments.
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The Suez Canal played a key role in enhancing British control over India's trade by reducing shipping time and costs.
Updated On: Feb 3, 2025
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Solution and Explanation
- The opening of the Suez Canal in 1869 significantly reduced the time it took to travel between Europe and India, from several months to a matter of weeks.
- This enhanced the British monopoly over India's foreign trade by making it easier and faster to move goods such as cotton, tea, and opium from India to Britain.
- It further entrenched British economic dominance by facilitating the movement of raw materials from India and finished goods from Britain. Conclusion: The opening of the Suez Canal was crucial in strengthening British control over India's foreign trade by reducing transportation costs and time, reinforcing their economic monopoly.
- This enhanced the British monopoly over India's foreign trade by making it easier and faster to move goods such as cotton, tea, and opium from India to Britain.
- It further entrenched British economic dominance by facilitating the movement of raw materials from India and finished goods from Britain. Conclusion: The opening of the Suez Canal was crucial in strengthening British control over India's foreign trade by reducing transportation costs and time, reinforcing their economic monopoly.
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