In which year did the Manchester Cotton Company come into existence? |
1862 1860 1857 1859 |
1859 |
The correct answer is Option (4) → 1859 " Before the 1860s, three-fourths of raw cotton imports into Britain came from America. British cotton manufacturers had for long been worried about this dependence on American supplies. What would happen if this source was cut off? Troubled by this question, they eagerly looked for alternative sources of supply. In 1857 the Cotton Supply Association was founded in Britain, and in 1859 the Manchester Cotton Company was formed...... " |