The International Division of Labor (jan 1, 18 – jan 1, 19)
Description:
Entrepreneurs had established a thriving industry in the production of cotton textiles by the 18th century. Since the East India Company had conquered Bengal in 1757, by the early 19th century British businessmen were able to crush the industry by forcing imports of inexpensive British textiles and by raising tariffs on Indian textilesAdded to timeline:
Date:
jan 1, 18
jan 1, 19
~ 12 months