WORLD HISTORY

COLONIALISM AND IMPERIALISM

IMPERIALISM IN ASIA

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What helped the British reverse their trade deficit with China?
A
the increased input of the Industrial Revolution
B
the popularity of imported opium in China
C
the lifting of trade regulations
D
the increased demand for Western goods
Explanation: 

Detailed explanation-1: -In order to reverse the trade deficit, the British colonists turned to profiteering, and armed smuggling led to the dumping of a large amount of opium in China.

Detailed explanation-2: -In the late 1700s, Britain tried to alter this balance by replacing cotton with opium, also grown in India. In economic terms, this was a success for Britain; by the 1820s, the balance of trade was reversed in Britain’s favour, and it was the Chinese who now had to pay with silver.

Detailed explanation-3: -The country traders sold the opium to smugglers along the Chinese coast. The gold and silver the traders received from those sales were then turned over to the East India Company. In China the company used the gold and silver it received to purchase goods that could be sold profitably in England.

Detailed explanation-4: -Britain wanted to expand its imperial power and sell more goods, especially the opium whose import the Chinese tried to ban, while the British sold or smuggled in anyway. In other words, it was a case of commercial and imperialist British greed trying to force opium on the Chinese.

Detailed explanation-5: -The British did all they could to increase the trade: They bribed officials, helped the Chinese work out elaborate smuggling schemes to get the opium into China’s interior, and distributed free samples of the drug to innocent victims. The cost to China was enormous.

There is 1 question to complete.