Consider the given statement as true or false:

Manchester fails to recapture its old position, even after the First World War.

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True

False

answer is A.

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Detailed Solution

The given statement is true. Manchester fails to recapture its old position, even after the First World War.
Since Manchester could not modernize and compete with the economies of the United States, Germany, and Japan after the war, it was never able to regain its previous position in the Indian market. It was one of the many reasons the British economy collapsed after the war. Cotton production ceased, resulting in a steep drop in British cotton cloth exports. Local industrialists slowly built up their power in the colonies until they could replace foreign manufacturers and take over the domestic market.

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