PaperDuring the 19th century, trading in goods from China was extremely lucrative for Europeans and Chinese merchants alike. Due to the Qing Dynasty's trade restrictions, whereby international trade was only allowed to take place in Canton (Guangzhou) conducted by imperially sanctioned monopolies, it became uneconomic to trade in low-value manufactured consumer products that the average Chinese could buy from the British like the Indians did. Instead, the Sino-British trade became dominated by high-value luxury items such as tea (from China to Britain) and silver (from Britain to China), to the extent that European specie metals became widely used in China. Britain had been on the gold standard since the 18th century, so it had to purchase silver from continental Europe to supply the Chinese appetite for silver, which was a costly process at a time before demonetization of silver by Germany in the 1870s. In casting about for other possible commodities, the British soon discovered......

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Title: Opium War
Approximate Word Count: 547
Approximate Pages: 3 (250 words per double-spaced page)

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