what problem were caused by east India company's dependence on tea trade in china
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Th trade was only helping China or we can say that it was a one-way trade.
The Company bought Tea and paid for that to Chinese companies. But there was no earning for East India company because they sold nothing to China.
The problem was how to finance the trade this trade. And then the Triangular trade came into operation.
The Company bought Tea and paid for that to Chinese companies. But there was no earning for East India company because they sold nothing to China.
The problem was how to finance the trade this trade. And then the Triangular trade came into operation.
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