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What do you think the british were trying to accomplish by exporting opium to china?
The British aimed to balance trade with China, as they faced a trade deficit due to high demand for Chinese goods like tea and silk. By exporting opium, which was highly addictive and in demand, they sought to create a profitable market that would allow them to convert Chinese silver back into British currency. This trade not only bolstered British economic interests but also contributed to the social and health crises in China, ultimately leading to widespread addiction and conflict, such as the Opium Wars.
What else can I help you with?
What it means that the British had an unfavorabe trade balance in China?
It means that the British were importing more goods from China than they were exporting goods to China.
What is a sentence for exporting?
Where are you exporting from China? What are you exporting to US?
What are the benefits of exporting to developed countries?
because we get alot from china and china is cool
What percentage of exporting does china give to Australia?
58%
Who helped the British reverse their trade deficit with China?
The British reversed their trade deficit with China primarily through the opium trade. British merchants, particularly the East India Company, began exporting opium from India to China, where it was in high demand. This trade facilitated the flow of silver into Britain, effectively balancing the trade. The situation ultimately led to significant socio-economic issues in China and contributed to the Opium Wars.
When did Sudan start exporting oil?
Sudan began exporting crude oil in 1999. Theyre main buyer was china.
Which is the largest importing and exporting nation in the world?
China is the largest
What kind of trade barrier does china and us erected?
importing and exporting
In the 1700 how did British find a way to balance its trade with china?
In the 1700s, the British faced a trade imbalance with China due to high demand for Chinese goods like tea, silk, and porcelain, while Chinese interest in British products was minimal. To address this, the British East India Company began exporting opium from India to China, which created a lucrative market and allowed the British to earn silver to pay for their imports. This trade not only balanced their accounts but also led to significant social and economic consequences in China, ultimately contributing to the Opium Wars.
How much money does china make exporting goods?
5 Trillion dollors
What did the British force china to trade for there tea and silks?
The British forced China to trade for tea and silks primarily by exporting opium, which was grown in British-controlled India. As the Chinese population became increasingly addicted to opium, demand surged, leading to a trade imbalance that favored Britain. This situation ultimately resulted in the Opium Wars, which forced China to open its markets and cede territories, such as Hong Kong, to British control. Through these conflicts, Britain established a significant foothold in Chinese trade.
What are the top 5 food exporting countries?
USA Australia Canada China Argentina
