Source: Petition of the weavers of Dacca (Dhaka), Bengal, to the British Board of Trade, 1828.
"Our courts are now cold and our looms are silent. In former times, the cotton goods manufactured by the petitioners were exported to England and sold there, providing a livelihood for many thousands of families in Bengal. But of late years, the importation of British machine-made cotton yarn and cloth into India has increased to such an extent that the local markets are flooded with cheap British goods. The petitioners can no longer sell their hand-woven cloth at a price that allows them to survive. We are reduced to the deepest distress, and many of us face starvation."
The developments described in the petition best illustrate which of the following global economic transitions during the nineteenth century?
- The decline in the share of global manufacturing held by Asian states as Western industrialization expandedAnswer
- BThe transition from coal-powered steam engines to petroleum-fueled internal combustion engines
- CThe revival of mercantilist economic policies designed to maximize the accumulation of silver bullion by European states
- DThe immediate migration of displaced Indian handloom weavers to European industrial centers to resolve factory labor shortages