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 thecountry's own internal strength.
The method of organisation
Supplying craftsmen with raw materials at the price fixed by the government.
The governmentreceived 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
Establishinggovernment 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.
Sendingmissions abroad to study the various industrial arts and translating industrial books.
📝 Question bank for this point
0 questions linked to this point only, 0 of them with pictures.