China's legalization of opium consumption in 1858 …
Years: 1859 - 1859
China's legalization of opium consumption in 1858 has encouraged a sharp rise in both production and consumption.
With legalization, domestic opium supersedes imports, making speed less important in the shipping of opium and allowing steamships to replace the clippers formerly crucial to the India-China opium trade, thereby assuring the East India Company of a de facto monopoly over this fast growing market.
Locations
Groups
- Chinese Empire, Qing (Manchu) Dynasty
- East India Company, British (United Company of Merchants of England Trading to the East Indies)
Topics
Commodoties
Subjects
- Commerce
- Products
- Watercraft
- Environment
- Labor and Service
- Conflict
- Faith
- Government
- Custom and Law
- Technology
