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Opium Wars

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Opium Wars and They Changed China In the early eighteen hundreds, Britain and other European countries demanded more and more Chinese commodities, especially tea and silk. However, only the port in Canton was opened to foreign countries, and Chinese would not take any other form of payments besides silver. The desire to make China into a free market that foreigners have more access to and the increasing, though illegal, European opium import to China eventually created tension between the European countries, especially Britain, and the Chinese government (Allingham Par. 1-2). The two battles fought and won by European powers were known as the Opium Wars. China’s politics, economy, and intellects were both positively and negatively …show more content…

The combination of increasing unemployment rate and food price created severe poverty across the nation (Goldfinger par. 1-3). The currencies in China, too, went through a lot of changes to accommodate the increasing trade. At first, the silver Spanish dollars became rare and increased in value so much that it was outlawed as a usable currency. However, at the same time, the Chinese copper currency were also being used less due to the fact that the metal was becoming rare and the administration of the currency was extremely poor. The Mexican dollar was introduced but the problem was not solved until paper money were used in 1853 (Goldfinger par. 2). To make the economy worse, during the First Opium War, China had to pay six million silver dollars to ransom Canton, and an additional nine million dollars were paid to foreigner traders for their loss. Later, twelve million taels of silver were paid to Britain and France under the treaties negotiated after the Second Opium War. All of those factors weakened the Chinese economy in the 1800s (Allingham par.5-9). However, the Opium Wars’ impact is everlasting, for “the Chinese have embarked on a long and arduous struggle to expunge the humiliations which they suffered during and since the Opium War…Foreign industrialists may continue to dream of the supposedly unlimited China market, but the Chinese…are determined to keep the 'open door' sufficiently ajar to import vital technologies, while keeping all unwanted

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