In which year did the Manchester Cotton Company come into existence?
Answer & explanation
Correct answer: option 4
The correct answer is Option (4) → 1859
British cotton manufacturers, worried about their dependence on American supplies, looked for other sources, and in 1859 the Manchester Cotton Company was formed.
NCERT (2026-27): “3.4 Then came the cotton boom … 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.…” |