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Why did European merchants generally trade gold and silver for Chinese goods in ming china rather than trade manufactured goods of their own?
European manufactured goods were generally of lower quality than Chinese goods.
Why did European merchants generally trade gold and silver for Chinese goods in ming china rather than manufactured goods of their own?
European manufactured goods were generally of lower quality than Chinese goods.
Why did the European merchants generally trade gold and silver for Chinese goods in ming china rather than trade manufactured goods of their own?
European merchants primarily traded gold and silver for Chinese goods during the Ming Dynasty because China had a highly developed economy with a strong demand for precious metals, which were not readily available in Europe. Additionally, Chinese goods, such as silk, tea, and porcelain, were highly sought after in Europe and often surpassed European manufactured goods in quality and desirability. The rigid trade restrictions imposed by the Chinese government also limited the types of goods that could be traded, further encouraging the exchange of bullion for Chinese commodities.
What goods made Chinese trade markets so valuable to foreign traders?
Silk and Tea.
What are the Effect of recession on international trade?
It will reduce the disposable income or fall in income.When the income is fall so that it will cause reduce in purchasing power.As the result,consumer will purchase domestic goods and less of the imported goods can be afforded.
What did the Chinese trade?
Silk and other goods.
Why did the European merchants generally trade gold an silver for Chinese goods in Ming dynasty rather than trade manufactured goods of their own?
European manufactured goods were generally of lower quality than Chinese goods.
Why did European merchants generally trade gold and silver for Chinese goods in ming china rather than trade manufactured goods of their own?
European manufactured goods were generally of lower quality than Chinese goods.
What did Britain bring to China's to trade for Chinese goods?
Opium
What did the Chinese trade and what goods did they receive from other people?
they traded silk for gold and other goods !
What were some important Chinese trade goods?
silk, tea, porcelain
Why did European merchants generally trade gold and silver for Chinese goods in ming china rather than manufactured goods of their own?
European manufactured goods were generally of lower quality than Chinese goods.
How did westerns gain trading rights in China during the 1800s?
Westerners gained trading rights in China during the 1800s following the Opium War. China was a prosperous country that produces all the goods the citizens needed. The Chinese felt European goods were shoddy, and they had little interest in trade. The British were determined to find a product the Chinese would want to purchase in large quantities. The answer was opium, but the Chinese government tried to stop the trade. This led to war.
What are the terms of the treaty of Nanjing?
British citizens were granted immunity from Chinese laws. The Chinese had to open five ports to foreign trade.
What was the conditions of the Treaty of Nanjing?
The conditions of the Treaty of Nanjing was that China was forced to give up the island of Hong Kong to Great Britain.
What goods made Chinese trade markets so valuable to foreign traders?
Silk and Tea.
Where did The British trade opium from for Chinese-manufactured goods and tea?
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