This resulted in a decline of the old ports of Surat and Hoogly through which local merchants had operated.
Explanation:
Exports from these ports fell dramatically, the credit that had financed the earlier trade began drying up, and the local bankers slowly went bankrupt.
This resulted in a decline of the old ports of Surat and Hoogly through which local merchants had operated. Exports from these ports fell dramatically, the credit that had financed the earlier trade began drying up, and the local bankers slowly went bankrupt. They secured many concessions from local courts as well as the monopoly rights to trade. This led to a decline of the old ports of Surat and Hoogly from where local merchants had operated. Exports slowed and local banks here went bankrupt.
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Verified answer
Answer:
This resulted in a decline of the old ports of Surat and Hoogly through which local merchants had operated.
Explanation:
Exports from these ports fell dramatically, the credit that had financed the earlier trade began drying up, and the local bankers slowly went bankrupt.
Answer:
This resulted in a decline of the old ports of Surat and Hoogly through which local merchants had operated. Exports from these ports fell dramatically, the credit that had financed the earlier trade began drying up, and the local bankers slowly went bankrupt. They secured many concessions from local courts as well as the monopoly rights to trade. This led to a decline of the old ports of Surat and Hoogly from where local merchants had operated. Exports slowed and local banks here went bankrupt.
Explanation:
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