History response 15 16 - Assignment Example

Download file to see previous pages... However, China had no single organization that had the naval power to create new target markets in other regions. This made China and it use of Opium to remain Inland medium of exchange hence was not transferred overseas.
Britain step to colonize other parts of Asia signed a new regime in international opium trading. In the 18th century, at most in China Opium has replaced silver as the currency for trade. This resulted to the depreciation of the flow of silver from India to China. Thus, when British come to Asia, they did not expect this had taken effect hence had problem with the mode of payments. With increased competition, the British followed suit and started using Opium as a medium of exchange, however, they were not the only China’s Opium supplier. American’s also sold Turkish Opium to China. Later the Chinese government tried to stop the trade of opium by implementing harsh penalties such as death. The British merchants refused to sign the agreement, but the American signed. “This lead to conflict between British trade lords, the American Merchants, and the government of China,” ...Download file to see next pagesRead More