Loaning money to peasants to pay their taxes but to

This preview shows page 5 - 8 out of 32 pages.

Loaning money to peasants to pay their taxes but to return the loaner’s favor, peasants have to uproot their grains and replaced it with poppy plants Danger of starvation and extreme poverty Million of peasants died as a result of opium cash crop economy So everyone has to get involved in the opium crops Charles Cornwallis’s opium policy Opium land contractor could not compel farmers to engage for the opium cultivation of a greater amount of land than they cultivated the preceding year Farmers that do not want to participate in the opium cultivation would have to give up their land since it was marked for opium production Land assigned to other farmers after Cornwallis payed cultivators at fixed rates to encourage participation Competition of Malwa opium British attempted to block shut of Malwa’s trade routes and lower the costs of their opium to drive them out End up buying Malwa’s opium, but the Malwa kept some to themselves and continued to grow and sell opium of their own Led to dramatic increase in opium supply by over 10 times
Effect of increased production More supply made prices decrease but more addicts arose Benefitted the EIC--now commoners could get addicted, especially addicts in China increased dramatically----¼ of china's population Case of highly “elastic’ demand---demand shaped by pricing Economies of scale advantage Opium bought in bulk by enterprises bc its cheaper small dealers sold or delivered the drug to the larger wholesalers in the major market towns Hastings’ moral rationale for monopoly British maintained their illusion of themselves as the civilized custodians of the morality in the world Completely aware of the adverse effects of opium use Had a duty to control it Millions died of labor exploitation in india due to starvation The Impact of Opium in Qing China Macartney Embassy 1792-94 Goodwill mission to the court of Emperor Qianlong Request to remove all barriers to free trade and “cultural” exchange Allow BEIC to establish warehouses in Beijing, settle on lands, spread Christianity Clear harbingers of trouble to come w Emperor saying no to everything Macartney seen as an emissary from a ‘tributary state”--down on one knee Cohong system Licensed, private trading firms charged w handling foreign trade Rampant abuses in this system--able to bribe, opium trafficking allowed by officials and eventually went out of control Emperor Daoguang’s 1836 Opium Edict Put more “muscle” behind the ban Any chinese smuggler arrested will face execution; beheading Opium trade still continued---10% of chinese population addicted--40 mil Lintin Depot An island where there is no jurisdiction so the British turned to this island and exported opium from Lintin to Canton and other ports Utilized offshore warehouses Clipper ships Were fast ships used for the trade of opium b/w China and India since traders were able to sail into monsoons with these ships Trips to China about 3 or more times a year Coast trade of opium

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture