Tag Archives: globalization

Foreign Exchange

Photo Credit: http://ocw.mit.edu/ans7870/21f/21f.027/rise_fall_canton_04/gallery_places/pages/cwC_1805_E78680_Flags.htm Before 1842, Canton (Guangzhou) was the only port in China open to foreigners. After losing the Opium/Trade War to the British, the Chinese government finally gave in to British demands, conceding the right to trade in five … Continue reading

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