Welcome, and remember...

Just a reminder about what we'd like to see here. Students will be responding to readings, and their grade will be based on the following rubric:
  • Reflection statements (self positioning within the course concepts);
  • Commentary statements (effective use of the course content in discussion and analysis);
  • New idea statements (synthesis of ideas to a higher level); and
  • Application statements (direct use of the new ideas in a real life setting).
Don't forget to mark the comments you want for credit with an FC.

Wednesday, April 22, 2009

Opium for tea-fc

The author made a good point about smuggling opium in for tea, but he did not mention anything about the trade imbalance. China only had one port open at the time because China believed that the Western World did not have anything to afford the Chinese. So here, Britain is buying something they wanted but not receiving any money in return. Britain seen China as a land full of customers and no way to sell their products. The government looked for something they could use to trade with China in order to balance trade. Opium was used, not just to trade for tea but to help Britain balance the trade between the two countries. Britain acted like the modern day cartel looking for that quick buck to help Britain's pocket book.

1 comment:

  1. It is always interesting to see how Europeans in general do whatever it takes to dominate and control the economy. Like in Things Fall Apart, the colonists use religion to gain control of the tribes. Of course we don't do that kind of stuff today...

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