HistoryHow did the company purchase the cotton and silk textiles from India?

How did the company purchase the cotton and silk textiles from India?


  1. A
    They bought the cotton raw materials by importing silver.
  2. B
    They imported Euros to buy the cotton raw materials.
  3. C
    Both of the above
  4. D
    None of the above 

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    Solution:

    The company bought the cotton raw materials by importing silver. Chintz, cossaes or khassa, and scarfs—all patterned cotton fabrics—had a sizable market in Europe. When trading companies in Europe learnt about India, they found goods there that they could buy for less money and sell in Europe for a great profit. India's high-end cotton and silk goods also saw a considerable European market. Also in solid demand were Indian spices like pepper, cardamom, cloves, and cinnamon. India consequently caught the interest of European trading companies. In the 16th century, European business organisations made their first purchases of Indian textiles for export to Europe.
     
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