Foreign trade with China dates all the way back to 206 BC – 220 AD during the Han Dynasty when the Silk Road was first established. Since then, the world has developed into an interconnected web of relationships that has linked empires across the globe. The foundation of these ties was formed upon the physical exchange of commodities such as porcelain and silk. These transactions have more than just satisfied the demands of eager consumers. They have led to an intricate network of contacts unifying East Asian countries with the distant nations of Europe and North America. The results of these cross-cultural interactions are vividly portrayed in an oil painting of Canton titled “View of Foreign Factories,” which hangs inside the Peabody Essex Museum in Salem, Massachusetts. Designed by Chinese artist Sun Qua, the picture depicts not only the emerging assimilation of economies, but also the spread of architecture, technology, and the integration of foreign culture into Chinese life. For centuries, China conducted its foreign affairs through an imperial tributary system, believing that they were culturally superior to their neighboring states. This method of exacting obedience and submission was extended with the Canton System in 1757. Adopted as a means of preserving national security, the policy limited foreign access to Canton, a trading port on the southern coast of China. Hong merchants served as exclusive liaisons between foreigners and the Chinese. Officially
While under the rule of the Emperor Qianlong, China’s foreign policy and trade was beginning to unfold and open up to Europe. Qianlong, however, still maintained a strict and regulated administration of all foreign trade and foreign ability to exist within China. “ It is true that Europeans, in the service of the dynasty, have been permitted to live at Peking, but they are compelled to adopt Chinese dress, they are strictly confined to their own precincts and are never permitted to return home.” All outside interactions with China could only be permitted if ‘in the
British trade with China during the Qing dynasty from 1750 - 1900 was economically harmful for the Chinese, and the Chinese Imperial government responses were political. A document showing a Chinese citizen’s view on the events and how they played out would have helped me to better understand how it affected the people of China’s
Trade had a positive and/or negative effect on the people who were located in the regions of China and the Americas. People in the world region of China had many positives. The Americas had both positive and negative results. Some positives for China included, a good ripple effect in its economy and a lot of tributes being sent. Positives for the Americas included an expansion of knowledge, as well as discovering more from the world.
That is, until they were introduced to opium. They got hooked fast and it became extremely high in demand, in fact, opium became the most traded commodity in the world. China started out getting it from Great Britain, who was producing their opium in India. Soon though, the United States became the second largest opium providers to China; however, it was produced in Turkey and it was lower quality. Merchants in the U.S. used the money they made from selling opium to build railroads, universities such as Princeton, and small towns like Salem, Mass. Opium became such a large problem in China, that they declared it illegal. Because it was difficult to stop the trade of opium, China set up the “Canton System” which was made up of 6 rules. The first rule was that trade of opium was not allowed. The second rule was that trade in China could only take place in Canton. The third rule was that trade in China could only occur 6 months out of the year. The fourth rule was that merchants could not bring women with them to trade, decreasing their chances of staying. The fifth rule was that foreigners could not learn Chinese, and vice versa. This created a trade language, pidgin language. The last rule was that foreigners could only deal with Hong merchants. The Canton System was not very effective, as Europeans started smuggling opium. Commissioner Lin tried writing a letter to the queen to stop
Over the period of 1792 to 1990, England and China's relationship drastically changed because of the trading of opium. China didn’t want to trade opium, but it would mess up England's economy if they were no longer trading opium. China also started to feel the need to westernize, unlike before. China’s need for westernization released tension between the two powers, causing a change in their relationship. China and England's relationship was continous from trade. Even though it was unbalanced in the beginning, it was never cut off. During this time period, in other parts of the world, industrialization was starting to take place. England was one of the leading countries in this age of Industrialization. England used their advanced technology
The Opium War was a major part of China’s history. There were many economic issues, (the high cost of importing opium), political issues (disobedience of Chinese ban on opium imports) and consequences of the British victory (Britain’s greater power over China) that precipitated the Opium war, but the British victory had the greatest impact on China because the extension of British power reduced China’s autonomy and made them more dependent on Europe. The high cost of importing opium had major consequences that weakened the Chinese economy and was a leading cause for the Opium War. Document A is a record of the British Imports and Exports at the Port of Canton.
It was a political issue that affects China’s motives in trade because the trading system was the Canton system, which does not involve the government. The Canton system was a trading system operated by merchants called the Hong
The complain made the Emperor angry as the English man broke several regulations within the command structure and this lead to decreasing the Chinese-European to only Canton. The Canton-System was basically about that the European merchants had to stay in Canton, that they had to bargain with Chinese intermediaries and that their only payment are in silver bullion. The outcome of the system was a negative trade balance for the European countries that traded with China and also a huge silver loss for them, what in the end was also the reason for the East India Company to start the trading of opium in China to compensate their loss.
In the early eighteen hundreds, Britain and other European countries demanded more and more Chinese commodities, especially tea and silk. However, only the port in Canton was opened to foreign countries, and Chinese would not take any other form of payments besides silver. The desire to make China into a free market that foreigners have more access to and the increasing, though illegal, European opium import to China eventually created tension between the European countries, especially Britain, and the Chinese government (Allingham Par. 1-2). The two battles fought and won by European powers were known as the Opium Wars. China’s politics, economy, and intellects were both positively and negatively
Throughout human history exploration has had its basis in the desire to expand, or find alternate, trade systems. Without the expansion of trade and the exploration, discoveries, and innovations that were spawned by it, our world would be a very different place. Various trade systems have come and gone throughout the tale of history, however we will examine just two, very dissimilar, systems: the Atlantic trade system, arguably the most well known trade system, particularly to American school age students; and the lesser known Chinese tribute trade system. We will also take a look at how both trade systems compare to each other and why they would be ineffective in modern times.
As early as 1793 the Qing Dynasty began to have trouble with their trades. When China began to work with the British for trade it became an exploitive exchange from the British. Western trade was limited to the Southern port of Canton (Guangzhou).This was known as the Canton trade system period (1757-1842). The Chinese government issued trading licenses exclusively to authorized merchants. These merchants would be the only ones allowed to deal with Western traders. This system helped keep trade with foreign countries running smoothly and, by extension, helped to eliminate the possibility of external threats. In Britain's case, as the demand for tea rose and the production of manufactured goods increased during the Industrial Revolution, it wanted to develop and increase trading opportunities and to establish diplomatic relations with China. This led to Macartney's famous British mission to China in 1793. China began to enforce rules that were as fickle as wind, England decided to send lord Macartney as an Ambassador to Emperor Qianlong to negotiate safer and
There were many problems with the system of trade in China; even before opium trading began. China, believing herself to be the most civilized and advanced country, did not feel the need to satisfy Britain, a “barbarian” country’s request for freer trade and were concerned the British wanted land. Britain however,
The U.S. trade deficit has risen more or less steadily since 1992. In the second quarter of 2004, the trade deficit relative to GDP surpassed the 5 percent mark for the first time. Many economists already considered trade deficits above 4 percent of GDP dangerously high. The fear is that continued growth in this external imbalance of the U.S. economy will ultimately spook overseas investors. http://www.americanprogress.org/issues/2004/09/b193700.html
In the recent years, business become more larger due to the advancement of technology, a renewed enthusiasm for entrepreneurship and a global sentiment that favors international trade to connect people, business and market. The economist emphasize about the international trade can increase the production of goods and service, increase the demand from the consumer in local or international, the diversification of goods and services and the stability in the supply and prices of goods and services. As a result, it becomes the main part of the international business and motivated countries to trade with borders. The United States implied the government intervention since the great depression through the financial sector rescue
The increased trade between Europe and China during the mid 17th century marked the beginning of the Wests’ fascination with all things oriental. Imported craft and objects from the East were considered to be more exciting and had a unique beauty that differed greatly from that of the West. In the 18th century, the term “Chinoiserie” was coined to describe the adoption of oriental styles in European design and craft. This newly invented style achieved greatest appeal and interest when it was found that the curves and fanciful elements of Chinoiserie integrated