Who secured concessions from local Courts?

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The American companies

The European companies

The Asian companies

The African companies

answer is B.

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Detailed Solution

The European companies secured concessions from local Courts. They also gained monopoly rights to trade. The first two lines of the stanza clearly depict that the European countries were the first who gained concessions from the Local Court and also they took the monopoly rights to trade.Those countries gained their profits as European countries were the first to get a variety of concessions from local courts and also they were the first to gain rights to trade.This resulted in a gain in the power of European Countries, which led to a decline in other old ports and brought losses to other ports.Thus, European countries started trading as they gained a monopoly, and gained profit.

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