History, asked by mandeepsingh4194, 11 months ago

How did east india company solve its problems of payment regarding tea trade from china?

Answers

Answered by Anonymous
11
In the 18th century, the Company traded Britishwoollens and Indian cottons for Chinese tea, porcelain, and silk. ... The shortage of silver to pay for the teaimports forced the British to seek other commodities to compensate for the loss and to bring in profit. They discovered opium, a highly lucrative commodity
Similar questions