Problems of English Merchants with the Tea Trade with China
Problems of English Merchants with the Tea Trade with China
Problem of English Merchants with the Tea Trade from China: England at this time produced nothing that could be easily sold in China. The Confucian rulers of China, the Manchus, were suspicious of all foreign merchants.
The Manchus were unwilling to allow the entry of foreign goods. In such a situation, Western merchants found difficulty in financing the tea trade. They could buy tea only by paying in silver coins or bullion
This meant an out flow of treasures from England, a prospect that created widspread anxiety. It was believed that a loss of treasures would improverish the nation and deplete its wealth.Merchants therefore looked for ways to stop this loss of silver . They searched for a commodity they could sell in china, something they could persuade the chinese to buy.
Opium as a Medium of Exchange: opium was a such commodity The Portuguese had introduced opium into China in the early 16th century. Opium was however, known primarily for its medical properties and used in very small quantities for certain types of medicines. The Chinese were aware of the dangers of opium addiction and the Emperor had forbidden its production and sale except for medicinal purposes. But Western merchants in the mid—18th century began an illegal trade in opium. It was unloaded in a number of sea ports of South-Eastern China and carried by local agents to the interiors. While the English cultivated a taste for Chinese tea, the Chines became addicted to opium. People of all classes took to the drug As China became a country of opium addicts, British trade in tea flourished. The returns from opium sale financed the tea purchase in China.
While the English cultivated a taste for Chinese tea, the Chinese became addicted to opium. People of all classes took to the drug shopkeepers and peddlers. Lin Ze-xu , special commissioner at Canton in 1839, estimated that there was over 4 million smokers in china .
A British doctor in canton put the figure at 12 million. As China became a country of opium addicts , British trade was flourished the return form opium sale financed the tea purchase in China.
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Barkha Arora
10thAbhyas institute is one of the best coaching institute in the vicinity of Ambala cantt.The institute provides good and quality education to the students.The teachers are well experienced and are very helpful in solving the problems. The major advantages of the institute is extra classes for weak...
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8thIn terms of methodology I want to say that institute provides expert guidence and results oriented monitering supplements by requsite study material along with regular tests which help the students to improve their education skills.The techniques of providing education helps the students to asses...
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Archit Segal
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Om Umang
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Yogansh Nyasi
7thAbout Abhyas metholodology the teachers are very nice and hardworking toward students.The Centre Head Mrs Anu Sethi is also a brilliant teacher.Abhyas has taught me how to overcome problems and has always taken my doubts and suppoeted me.
Shreya Shrivastava
8thThird consective year,my ward is in Abhyas with nice experience of admin and transport support.Educational standard of the institute recumbent at satisfactory level. One thing would live to bring in notice that last year study books was distributed after half of the session was over,though study ...
