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People: Louise Michel
Topic: Western Art: 1684 to 1696
Location: Thale Sachsen-Anhalt Germany

Opium is now the most significant commodity …

Years: 1832 - 1832

Opium is now the most significant commodity in world trade.

Britain had imported 18,956 chests of Indian opium to China in 1830.

Turkish exports to China in 1830 had totaled one hundred tons, as compared to seven tons in 1805.

With the expiration in 1832 of the official monopoly of the opium traffic by the British East India Company, its mandate to rule and dictate the trade policies of British India no longer in effect, Jardine-Matheson and Company of London inherits India's opium from the Company.