Explain the three-way trade system that developed after the British Empire took over India.(1 point)
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 rice from China. In exchange, it sold China opium and cotton the empire had taken from India.
No three-way trade system developed after the British Empire took over India.
The correct answer is: The British Empire bought opium and cotton from India and sold them to China in exchange for tea.
The correct answer is: The British Empire bought opium and cotton from India and sold them to China in exchange for tea. This trade system is commonly known as the "Opium Triangle Trade" or the "Canton Trade System."
Here's how the three-way trade system worked:
1. The British Empire, after taking over India, began growing opium and cotton on a large scale in India. These commodities were in high demand in China.
2. The British Empire then exported the opium and cotton from India to China. Opium was particularly sought after in China, where it was used as a medicine and recreational drug.
3. In exchange for the opium and cotton, the British Empire received tea from China. Tea was a highly valued commodity in Britain, and its consumption was growing rapidly.
So, to sum it up, the three-way trade system involved the British Empire buying opium and cotton from India, selling them to China, and then receiving tea in exchange. This trade system was highly profitable for the British Empire but had devastating consequences for China, as it led to widespread addiction to opium and ultimately resulted in the Opium Wars between Britain and China.
The correct answer is:
The British Empire bought opium and cotton from India, and then sold them to China in exchange for tea. This created a triangular trade system, where India supplied the British Empire with opium and cotton, which were then traded with China for tea.