Question

What was the condition of colonial economy in Vietnam? Explain.

Answer 1

The colonial economy in Vietnam was, primarily based on rice cultivation and rubber plantations owned by the French and a small Vietnamese elite.

Rail and port facilities were set up to service this sector. Indentured Vietnamese labour was widely used in the rubber plantations.
The French did little to industrialise the economy.
In the rural areas landlordism spread and the standard of living declined.

1) THERE WAS ENORMOUS INCREASE IN POPULATION ALL OVER EUROPE.IN MOST COUNTRIES THERE WERE MORE SEEKERS OF JOBS AND EMPLOYMENT.
2)POPULATION FROM RURAL AREAS MIGRATED TO THE CITIES TO LIVE IN OVER CROWDED SLUMS.
3)SMALL PRODUCERS IN TOWNS WERE OFTEN FACED WITH STIFF COMPETITION FROM IMPORTS OF CHEAP MACHINE MADE FROM ENGLAND.
4)THE RISE OF FOOD PRICES OR A YEAR OF BAD HARVEST LED TO WIDESPREAD PAUPERISM IN THE TOWN AND COUNTRY.

Answer 2

The following was the condition of the colonial economy in Vietnam:

1. The economy of colonial Vietnam was primarily based on the cultivation of rice and rubber plantation dominated by the French and a small group of the elite Vietnamese.

2. The French colonists made some attempt to improve the condition of the economy of Vietnam, for instance, they set up port and rail facilities and used indentured labor to increase the production of rubber.

3. The French colonists opposed what Bernard would have liked and made some reforms to industrialize the economy of Vietnam. As landlord-ism spread in the rural areas so the standard of living dwindled.