Explain the three-way trade system that developed after the British Empire took over India.
A. the British empire bought opium and cotton from china. In exchange, it sold Chine tea the empire had taken from India.
B. no three-way trade system developed after the British empire took over India.
C. The British empire bought tea from china. in exchange, it sold china opium and cottonthe empire had taken from India.
D. the British empire bought rice from china. in exchange, it sold china opium and cotton the empire had taken from india.
C. The British empire bought tea from China. In exchange, it sold China opium and cotton the empire had taken from India.
This three-way trade system developed as a result of the British Empire's control and exploitation of India's resources. The British Empire purchased large quantities of opium and cotton from India, and then sold these goods to China. In return, they bought tea from China, which they then sold in various markets for profit. This system was highly profitable for the British Empire, as it allowed them to exploit the resources of both India and China while maintaining control over the trade routes. However, it also led to significant social and economic problems in both countries, such as the Opium Wars in China.
C. The three-way trade system that developed after the British Empire took over India involved the British Empire buying tea from China. In exchange for the tea, the British Empire sold China opium and cotton that it had taken from India. This trade allowed the British Empire to profit from both the opium trade with China and the resources of India.
The correct answer is C. The three-way trade system that developed after the British Empire took over India involved the British Empire purchasing tea from China and selling China opium and cotton that it had obtained from India.
To understand this trade system, let's break it down step by step:
1. The British Empire, after gaining control of India, had access to a vast amount of natural resources, including opium and cotton.
2. The British Empire sought to expand its trade opportunities and establish dominance in the global market. To do this, they turned to China, a nation with a high demand for certain commodities, such as tea.
3. The British Empire began selling opium, which was produced in India, to China. Opium was highly addictive and in great demand in China at the time.
4. By facilitating the sale of opium to China, the British Empire aimed to establish a favorable trade balance with China, thus securing a steady supply of tea.
5. In addition to opium, the British Empire also sold cotton to China. This cotton was grown in India, which was a major cotton-producing region.
6. Meanwhile, the British Empire used its profits from the opium and cotton trade with China to fund the purchase of tea from China.
7. The tea purchased from China was then shipped back to Britain and other parts of the Empire, where it was in high demand.
So, in summary, the three-way trade system involved the British Empire buying tea from China, selling China opium and cotton acquired from India, and then using the profits from the opium and cotton trade to purchase tea.
By understanding the historical context and examining the trade patterns between the British Empire, China, and India, we can see how this three-way trade system had a significant impact on these nations' economies and relationship during that period.