HIS385H1 Lecture Notes - Lecture 5: Wu Tingfang, Coolie, Kai Ho
Document Summary
Entrepot (import and export) of trade, people, and ideas: british empire. Trading posts - hong kong: hong kong as east asian trade base for british. Part of net work for regional + international trade (mean product is trade, and opi- um is also hot trade in china) No import/ export tax (people who choose hong kong made this decision) Fundamental economic principle (allow multiple trade in hong kong ) (attract may merchants around the world) Entrepot trade boom, 1870+ shorter distance , better communication. Suez canal ,1869 (growth of multiple port of hong kong) Telegraph link : hk - shanghai - europe, 1871. Unavailable elsewhere (shanghai: hong kong chinese traders also benefited. British legal protection (advantage for hong kong, chinese traders enjoy the ben- efits of the law in hk) Parallel trade networks (community network , and chinese will create their own the new technology to apply to their business, therefore, they benefit from hk )
