Posts Tagged ‘Opium’
The United States fascinated by Chinese tea and ‘bone china’
The independence of the United States in 1776 meant the independence of the American economy. The United States, liberated from British colonial rule, was freed from the British trade system. The US became able to trade independently. During the early years of trade with China (1784-1831), the United States was most attracted to four products: tea, silk, porcelain, and nankeen.
Read MoreThe Americans who made money from opium and where the profits went
In the capitalist world, there’s a saying, “other’s misfortune is my happiness.” When China focused on preventing Britain from smuggling opium, the US used this weak point as an opportunity. The accumulation of considerable wealth enabled the industrialization and the development of social overhead capital in the United States.
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