Choose the given statement as true/false:

Civil War broke out and raw cotton exports from India increased, and the price of raw cotton shot up.

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Detailed Solution

The statement mentioned above is true. Cotton weavers in India faced two issues: their export market collapsed, and the domestic market shrunk due to Manchester imports. Imported cotton goods were so inexpensive because machines produced them at reduced costs that weavers could not compete with them. By the 1850s, most weaving regions of India reported stories of decline and devastation. Weavers confronted a new challenge by the 1860s. They were unable to obtain a sufficient quantity of high-quality raw cotton. When the American Civil War erupted, and cotton supplies from the United States were cut off, Britain looked to India. India's raw cotton exports increased along with the price of raw cotton. Weavers in India were deprived of supply and forced to pay high prices for raw cotton. Weaving could not profit in this scenario.

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