Choose the given statement as true/false:

Cocoons were bought from the Santhals and sold by the traders at five times the purchase price.

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Detailed Solution

The above statement is true.
Cocoons were bought from the Santhals and sold by the traders at five times the purchase price. In Hazaribagh, the Santhals raised cocoons. Cocoons were collected from tribe members by agents. These agents were sent by the silk traders. Growers were paid between Rs 3 and Rs 4 per cocoon. When these cocoons were purchased from the indigenous, they were paid five times as much. These cocoons were then transported to Burdwan or Gaya. Middlemen brokered deals between silk producers and exporters, who gained tremendously. Members of the tribe that grew silk made little to no money.

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