HIS385H1 Lecture Notes - Lecture 3: Triangular Trade, Laudanum, Hong Kong
Document Summary
China paid tea n silver to pay for the opium. British introduced opium to chinese people and told them how well it feel. Goal: offset the cost of tea buying in china. india was a major producer of opium. 1834: beic lost china trade monopoly national trade superintendent of trade. There is only one company supplied opium to china, so the opium is still very expensive monopoly. Ban vs. tax: set the opium illegal or legalized it and the govt set high tax on opium to earn more income. Chinese opium ban vs. british free trade. China ask british govt to promise that never bring opium to china being rejected. Treaty of nanjing: 1842- the 1st unequal treaty signed for china. Treaty ports: more ports will be open for treaty. Hong kong island ceded: britain lended the hong kong island from chinese govt. British figured out 80%-90% of people live in interior part of china.
