In the early days of the eighteenth century the British following venturesome Portuguese, Dutch, and Spanish had established a trading base at Canton where they soon outstripped in activity their European competitors. From the beginning trade was restricted by regulations devised by the Chinese to keep the foreigners at arm's length, yet permitting the Chinese to continue to export their teas and silks and to receive desired British goods. The export of Chinese commodities far …
showed first 75 words of 697 total

showed last 75 words of 697 total
…opened to free trade; the Chinese were required to pay for the opium which Commissioner Lin had seized; Hong Kong was ceded to England; and the Chinese were compelled to bear the cost of the British expedition. The merchant groups had now succeeded. China was opened to free commerce, and the opium traffic continued to flourish because of its tremendous benefit to Indian revenues. Within ten years after the war its volume increased almost threefold.