How Did Western Countries Influence Chinas Economy In 19th Century?

The defeat of main fetch China in the opium war was enough to abide on _or_ upon the Chinese that they were no long-lived the `Heavenly meat region that they always thought they were . They were thus awakened and exposed to the pragmatism of progress (Gibson 32Chinese were used to being self reliant as they had a self sufficient domestic circumstances . This was occasioned to a large extent by the fact that it has an big plate switch over . It has a vast land that their internal occupation is sufficient to perform commercial operations . In theory up China was able to par itself with other nations internationally and thus realized that it was no longer on eyeshade of the world . Chinese thus real a superstar of purpose and a desire to repair their economy it was a period of awakening the giant (Chesneaux , Mariann e Maie-Claire 53Various stinting repercussions were obtained after the spring of China The flourishing of foreign trade was evident as China increased its export from 7 .5 one thousand thousand kilograms of tea leaf in 1843 to 42 million kilograms in 1855 . The export of silk overly increased significantly .

The occupy of tea and silk led to the magnification of tea and silk producing regions as they greatly benefited from foreign trade . another(prenominal) economic effect was a monetary crisis which declarationed from the increased volumes of trade activities . There was a reduction in the Spanish liquid clam and it appreciated so very much that i! t was abolished and the Mexican dollar introduced . These problems were enhanced by internal monetary crises that were instigated mainly by poor administration . The copper specie that prevailed in China depreciated significantly as a result of inadequate total of copper . This devastated Chinese financial agreement and in 1853 the sphere had to result to money (Beeching 67There was a significant...If you inadequacy to get a full essay, order it on our website: OrderCustomPaper.com

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