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by burpsnard
2214 days ago
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IIRC the chinese were exporting tea, oranges and porcelain to Europe in exchange for silver. Early/mid 19C, with metal-backed currencies, as most of the circulating Silver had ended up there, it was deemed necessary to reverse that flow. The Opium wars began, to get all the silver back. I think westerners underappreciate the salience of these events in the chinese worldview. And which Colony was established by treaty with the chinese defeat ? Hong Kong. https://www.bl.uk/learning/histcitizen/trading/story/trade/4... |
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I was simply commenting on the trade. What made them different was, in some sense, macroeconomic. By bringing goods home, these trade empires were generating feedback loops. Gold wealth (or share wealth, as is relevant in this context) was spent on goods, in a process that created more of it... Not more of it in the world, necessarily. More of it in London and Amsterdam.
As you say, europe had been importing asian luxury goods since forever. The trade routes were old before Rome was young, as they say.
At the end there, are you implying something salient about the current HK crisis?