Trade figures for the 1820s show that …
Years: 1684 - 1827
Trade figures for the 1820s show that the triangular trade is large and well balanced: twenty-two million pounds sterling worth of Indian opium and cotton to China; next, twenty million pounds worth of Chinese tea to Britain; then, twenty-four million pounds of British textiles and machinery back to India.
The British East India Company, prizing stability above profit, has for over two decades maintained India's opium exports at four thousand chests—or two hundred and eighty tons tons, just enough to finance its purchase of China's tea crop.
Moreover, the vast profits of Britain's opium trade soon attract competitors.Groups
- Chinese Empire, Qing (Manchu) Dynasty
- East India Company, British (United Company of Merchants of England Trading to the East Indies)
- India, East India Company rule in
- Britain (United Kingdom of Great Britain and Ireland)
Topics
- Colonization of Asia, Dutch
- Colonization of Asia, English
- Colonization of Asia, French
- Colonization of Asia, British
