Mention the problems created in England by the tea trade with China? How were these problems solved?
Answers
Answered by
0
The following problems were caused :
a. The English East India Company was buying tea and silk from China for sale in England. As tea became a popular English drink, tea trade became more and more important. This however, created a problem.
b. England at this time was producing nothing that could easily be sold in China.
c. Problem with regard to financing tea trade with China became a problem.
d. The Confucian rulers were also apprehensive that the foreign merchants would interfere in the local politics and disrupt their authority so were unwilling to allow the entry of foreign goods.
e. English could buy tea only by paying in silver coins or bullion. This meant an outflow of treasure from England.
f. It was believed that a loss of treasure would impoverish the nation and deplete its wealth and therfore they looked for an alternate commodity that is opium.
a. The English East India Company was buying tea and silk from China for sale in England. As tea became a popular English drink, tea trade became more and more important. This however, created a problem.
b. England at this time was producing nothing that could easily be sold in China.
c. Problem with regard to financing tea trade with China became a problem.
d. The Confucian rulers were also apprehensive that the foreign merchants would interfere in the local politics and disrupt their authority so were unwilling to allow the entry of foreign goods.
e. English could buy tea only by paying in silver coins or bullion. This meant an outflow of treasure from England.
f. It was believed that a loss of treasure would impoverish the nation and deplete its wealth and therfore they looked for an alternate commodity that is opium.
Similar questions