Choose given statement is true/false:

Silk growers earned great wealth and enjoyed a prosperous way of life in the 18th century .

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True

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Detailed Solution

The above statement is False.
Indian silk was in high demand in European marketplaces during the eighteenth century. Indian silk was highly prized for its exquisite quality, and exports from India grew quickly. East India Company officials made an effort to stimulate silk production as the market grew in order to satisfy the escalating demand. In the modern state of Jharkhand, the Santhals raised cocoons in Hazaribagh. The silk dealers dispatched their agents, who disbursed loans to the natives and gathered the cocoons. For a thousand cocoons, the farmers were paid between Rs 3 and Rs 4. Following their shipment, these were then sold for five times as much in Burdwan or Gaya. The middlemen profited greatly. The growers of silk made very little money.
The correct statement would be that silk growers earned very little and made a meagre living in the 18th century.

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