Us-China Trade Research Paper

During this time, the British adopted a new economic policy known as mercantilism which held that a country’s power depended mainly on its wealth. The desire for new sources of wealth inspired British exploration of the East. Having established North America as their colony, the British traveled East. In 1793, the British sought to trade with China which was largely self-sufficient due to mining and manufacturing resources as well as its healthy agricultural economy which started in the 11th century. Around this time, the Chinese dynasty cycle was in decline and its official trade policy reflected isolation. The British imposed economic imperialism and forced China to open to foreign trade and influence. The British East India Company which grew opium in India, a British colony, shipped it to China. While the Chinese developed addictions to the drug, the British economy grew as they shipped fine silk, high quality cotton and exquisite porcelain from China to be sold for a huge profit in North America. Subjected to economic imperialism, China had to sign treaties that favoured the west. In 1844, China signed a treaty that gave North America extraterritorial rights where they could trade freely at many

China viewed itself as an autarkic agricultural economic system and whilst Britain purchased large amounts of Chinese tea, silk and porcelain the Chinese held the European manufactured products at very little value. This monopolistic system of

Trade had a positive and/or negative effect on the people who were located in the regions of China and the Americas. People in the world region of China had many positives. The Americas had both positive and negative results. Some positives for China included, a good ripple effect in its economy and a lot of tributes being sent. Positives for the Americas included an expansion of knowledge, as well as discovering more from the world.

Do you wonder how we went from trading with nearby countries to countries across the world.The silk road was the first superhighway that stared trade among other nearby regens.First, there had to be something to trade that other regens wanted for them self.In document A the chinese had silk,iron,bronze,gunpowder,and confucianism to trade and central asia had ferghana horse the chinese wanted the ferghana horse that central asia had and central asia want the chinese silk.In 1400 bce the queen of china was eating soup and a silk bug fell in her soup and she saw how beautifully the silk and demanded that her workers would make the silk and then werd got out that the chinese had a soft fabric and then other regions started to trade for the silk.Next,

According to document number ten the US spread economic ideas by introducing the Open Door Policy to establish order throughout China. According to the textbook American travelers had been traveling to China since 1784. Hawaii was a convenient stop on the way to China for fuel and other supplies. In 1844 the US gained trading privileges with China. The

One could say that the trade between China and the Americas had brought many items, such as tea (black tea), drugs (opium) and silk that would incorporate and change the Americas after the American Revolution which ended in 1783. But, the trade between China and the Americas proved great struggle after the British withdrew from the Americas. As a result, the Americas

America wanted to do business with China because they wanted to take part in Lucrative trade, because of the missionaries wanted to convert the Chinese to Christianity. Russia, Japan, Great Britain, France and Germany took control of a specific region of China during the last two decades of the nineteenth century. Also, exporters feared that Chinese markets would be monopolized by Europeans.

In the early eighteen hundreds, Britain and other European countries demanded more and more Chinese commodities, especially tea and silk. However, only the port in Canton was opened to foreign countries, and Chinese would not take any other form of payments besides silver. The desire to make China into a free market that foreigners have more access to and the increasing, though illegal, European opium import to China eventually created tension between the European countries, especially Britain, and the Chinese government (Allingham Par. 1-2). The two battles fought and won by European powers were known as the Opium Wars. China’s politics, economy, and intellects were both positively and negatively

I agree with the author, because China’s economy has been closely integrated with the world economy, including the United States. On the one hand, it is impossible to destroy the Chinese economy while protecting the American economy and consumers. If a trade

This marked the first “debut” of America’s international stage. Yankee traders exchanged Appalachian ginseng, frontier furs, and Mexican silver for highly coveted porcelains, teas, silks- the luxury goods from China. America’s “founding” European fathers and mothers crafted their elite identities with the purchase with the purchase of the latest, most stylish of these goods. Overland and by coastal sea routes, Canton and the Pearl River Delta region was global center for these coveted luxury goods. Craft production centers and tea producers met the deeds of all corners of the world. European ships of kings and queens lined up to trade with Chinese merchant princes. The balance of trade was decidedly in China’s favor. From Salem to Baltimore, port merchants serving as middlemen in the China trade turned great profits, giving rise to America’s first generation of

In 1842, after the end of the First Opium War, with creation of the Treaty of Nanking, Chinese ports were forced to open up to foreign trade. After doing so, the Treaty of Wanghia was made between China and the US, which was the very beginning of relations between the two. It granted privileges to America in China. Even more privileges opened up to America, after, Treaties of Tianjin were signed in 1858. The treaties opened up more ports for trade and settlement for foreign countries. Initially, the United States wanted trade with China because before the U.S., only the British had trade relations with China. When the American China Development Company was founded in 1895, which aimed to gain railway and mining in China, it was sought to provide

The reason the West had so much access to China was the result of another war. “The Opium War of 1839-42 forced open China’s doors not simply to addictive drugs but to the West generally. The war-ending treaty of Nanking guaranteed privileges to British traders at Canton, Shanghai, and other parts; additional Western countries, including the United States, soon received similar privileges (partly as a result of China 's desire not to be at the mercy of Britain alone).” continues H. W. Brands. Once the Chinese saw a chance to earn money, and find opportunity in the New World, they took it. In 1865, when the Chinese came and worked on the railroads, they found that railway work was a decent job, with reasonable pay, so they told friends and family back in China, who came over in hopes of finding work.

The U.S. trade deficit has risen more or less steadily since 1992. In the second quarter of 2004, the trade deficit relative to GDP surpassed the 5 percent mark for the first time. Many economists already considered trade deficits above 4 percent of GDP dangerously high. The fear is that continued growth in this external imbalance of the U.S. economy will ultimately spook overseas investors. http://www.americanprogress.org/issues/2004/09/b193700.html

The events that have taken place over the past couple of centuries, and more so the past decade, have monumentally impacted the relationship between the United States and China for better and for worse. Today, China and the U.S. have evolved into two of the most elite superpowers in the world, and they classify as some of the most prominent leaders in economics, military, technology, and universal innovation. Currently, the United States is just weeks away from electing their next president, cyber-attacks are being investigated exponentially, and the South China Sea Debate continues to be disputed. The outcomes of all these events will undoubtedly affect the relationship between China and the United States for the next 10 years.

Today’s world is shrinking. Not literally of course, but the advances in technology make it easy to span thousands of miles of land and sea, so people can immediately communicate with each other. The internet has connected the world instantly, and planes make traveling from one side of the world to the other a piece of cake compared to the long, dangerous sea voyages of the past. People move and migrate constantly, all the while exchanging ideas and goods. Trade has always played an important role in human history. Whether the swapping of an apple for an orange, or $12 million dollars for a new dam, the fluid movement of goods and services from one to another is how humans have been able to receive things they might not have had