Explain the three-way trade system that developed after the British Empire took over India. (1 point)
No three-way trade system developed after the British Empire took over India.
• The British Empire bought rice from China. In exchange, it sold China opium and cotton the empire had taken from india
• The British Empire bought opium and cotton from China. In exchange, it sold China tea the empire had taken from India
• The British Empire bought tea from China. In exchange, it sold China opium and cotton the empire had taken from India
• The British Empire bought opium and cotton from India. In exchange, it sold opium and cotton to China, and bought tea from China as well.
The correct answer is:
• The British Empire bought opium and cotton from India. In exchange, it sold China tea it had acquired from India
The correct answer is:
• The British Empire bought opium and cotton from China. In exchange, it sold China tea the empire had taken from India.
To understand the three-way trade system that developed after the British Empire took over India, we need to examine the different goods involved and the countries involved.
1. The British Empire bought opium and cotton from India: After taking control of India, the British Empire began cultivating opium and cotton in large quantities. These goods were then exported to other countries, particularly China.
2. The British Empire sold opium and cotton to China: The British Empire, through its East India Company, engaged in a lucrative opium trade with China. Opium was highly desired in China, and the British Empire supplied it in exchange for other goods and silver.
3. The British Empire bought tea from China: As part of the three-way trade system, the British Empire also imported tea from China. The demand for tea in Britain was growing rapidly, and China was a major supplier of this popular beverage.
4. The British Empire sold tea in other markets: The British Empire, having obtained tea from China, would then sell it in various markets around the world. This helped establish a global tea trade network, with Britain acting as a key intermediary.
In summary, the three-way trade system that developed after the British Empire took over India involved the British Empire buying opium and cotton from India, selling these goods to China, and then using the profits to purchase tea from China, which was then sold in various markets. This system played a significant role in shaping the global economy during the colonial period.