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Question
What did the Europeans use to trade with the Chinese when they could not come to terms about trading gold and silver for Chinese goods?
What did the Europeans use to trade with the Chinese when they could not come to terms about trading gold and silver for Chinese goods?
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Solution
The correct option is C Opium
Chinese silk and tea were very profitable in the European market. However, the Chinese didn’t want European products. They wanted gold and silver instead, and Europeans were not willing to part with their precious metals. The Europeans resorted to trading opium for Chinese goods, which was in demand at the time in China. This opium was smuggled illegally.
Chinese silk and tea were very profitable in the European market. However, the Chinese didn’t want European products. They wanted gold and silver instead, and Europeans were not willing to part with their precious metals. The Europeans resorted to trading opium for Chinese goods, which was in demand at the time in China. This opium was smuggled illegally.
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