Asked by Nelson Bassole on May 26, 2024
Verified
What kept Americans from trading with India prior to 1783?
A) Americans did not have the shipbuilding technology for the long distance trade.
B) They were too concerned about the American Revolution.
C) The East India Company held the monopoly on trade with India.
D) They didn't find India's goods attractive.
East India Company
A historic English company formed in 1600 for the exploitation of trade with East and Southeast Asia and India, operating with a monopoly on English trade in the East Indies.
Shipbuilding Technology
The development and application of methods, tools, and materials for constructing ships, improving efficiency, durability, and navigability.
Monopoly
The exclusive control by one company over an entire industry or sector, eliminating competition.
- Understand the economic reasons that motivated the beginnings of trade and expansion in America, especially in terms of the fur trade and interactions with Asian economies.
Verified Answer
CN
Clara NazarchykJun 01, 2024
Final Answer :
C
Explanation :
The East India Company held a monopoly on trade with India, which restricted Americans and other nations from engaging in trade with India directly. This monopoly was a significant barrier to international trade with India until the company's monopoly was dismantled in the 19th century.
Learning Objectives
- Understand the economic reasons that motivated the beginnings of trade and expansion in America, especially in terms of the fur trade and interactions with Asian economies.