In terms of the cotton-boom from the 1860s onward, the editor of which newspaper asked in 1861, "What can prevent India from supplanting the Slave States (of U.S.A.) as the feeder of Lancashire?".
Answer & explanation
Correct answer: option 2
The correct answer is Option (2) → Bombay Gazette
While the cotton boom lasted, the editor of the Bombay Gazette asked in 1861, “What can prevent India from supplanting the Slave States (of U.S.A.) as the feeder of Lancashire?”
NCERT (2026-27): “3.5 Credit dries up … While the boom lasted, cotton merchants in India had visions of capturing the world market in raw cotton, permanently displacing America. The editor of the Bombay Gazette had asked in 1861, ‘What can prevent India from supplanting the Slave States (of U.S.A.) as the feeder of Lancashire?’ By 1865 these dreams were over. As the Civil War ended, cotton production in America revived and Indian cotton exports to Britain steadily declined.…” |