The Opium War
The Opium War
“The Opium War was not about Opium. It was either about the clash of two cultures, or about Britains desire to expand the trade. It might have been fought over any substance, even molasses or rice.”

By 1804 Chinas purchase of opium had exceeded her ability to sell native products such as tea. This trade imbalance led to a net outflow of silver specie, which destabilized the national economy. This damaging economic aspect of the opium trade was not contingent upon the identity of the trade item itself; any other luxury good in great enough demand might have caused the same economic pressures. For example, the same problem – a net silver outflow instigated by an unequal balance of trade – had occurred in Britain twenty years previously. At this time Britain was consuming over 15 million pounds of Chinese tea per year. Britain had few manufactured goods which China wanted, so the bulk of payments for the tea were of necessity in silver. This outflow of bullion jeopardized the stability of the British economy, just as the loss of bullion due to the opium trade would threaten China in the early 1800s. By this example we see that an alternative product to opium, namely tea, could cause the same harmful economic processes – trade deficit and loss of silver supply – to occur. The economic crises instigated in China by the opium trade were therefore not due to the identity of the product being marketed.

The Opium War was the physical manifestation of Britains frustrations about Chinas restrictions on foreign trade. The British merchants resented the very limited territorial access and the short temporal period allowed for trading which were enforced by the Chinese government. In this sense, British merchants focused more on the desire to conduct trade according to their own wishes than on the desire to market any specific product. The issue debated between British and Chinese forces was whether the British merchants would be allowed to trade as they saw fit or

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Opium War And Stability Of The British Economy. (July 5, 2021). Retrieved from https://www.freeessays.education/opium-war-and-stability-of-the-british-economy-essay/