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Monopoly in industry

Monopoly in industry

Point 3 of 6 — Lesson 13: Economy and Society under Muhammad Ali – The Monopoly SystemQuestion bank: 0 questions (0 with pictures)

03Monopoly in industry

The aim

  • Muhammad Ali organised industry on the monopoly system to achieve one goal: building the country's own internal strength.

The method of organisation

  • Supplying craftsmen with raw materials at the price fixed by the government.
  • The government received the manufactured goods at the price it fixed.
  • Raising the price of raw materials sold to craftsmen and lowering the price at which their products were bought, so as to secure a suitable profit for the state.

Measures to develop industrial production

  • Establishing government factories directly owned by the state (a public sector) to supply the industries needed, and bringing experts from abroad.
  • Compelling the sheikhs of the quarters to gather boys to work in the state factories, so that they became in effect skilled craftsmen.
  • Sending missions abroad to study the various industrial arts and translating industrial books.

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