The defeat of mainland China in the opium war was enough to prevail on _or_ upon the Chinese that they were no longer the `Heavenly Middle 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 mountain . This was occasioned to a large extent by the fact that it has an immense plate switch over . It has a vast land that their internal trade is sufficient to perform commercial operations . In theory up China was able to compare itself with other nations internationally and thus realized that it was no longer on eyeshade of the world . Chinese thus developed a superstar of purpose and a desire to improve their economy it was a period of awakening the giant (Chesneaux , Marianne Maie-Claire 53Various economic repercussions were obtained after the spring of China The flourishing of foreign trade was evident as China increased its export from 7 .5 million kilograms of tea leaf in 1843 to 42 million kilograms in 1855 . The export of silk overly increased significantly .
The demand 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 resulted from the increased volumes of trade activities . There was a reduction in the Spanish liquid clam and it appreciated so much that it was abolished and the Mexican dollar introduced . These problems were enhanced by internal monetary crises that were instigated mainly by poor administration . The copper cash that prevailed in China depreciated significantly as a result of inadequate total of copper . This devastated Chinese financial system and in 1853 the sphere had to result to money (Beeching 67There was a significant...If you want to get a full essay, order it on our website:
OrderessayIf you want to get a full essay, wisit our page:
write my essay .
No comments:
Post a Comment