Loading subject…
Cohong
Guild of licensed merchants controlling all foreign trade in Canton (Guangzhou).
Mandate of Heaven
Traditional Chinese belief that Heaven grants the right to rule based on virtue.
How It Worked
Strengths and Limits
Canton System
Restricted foreign trade to one port under strict government supervision.
Gunboat Diplomacy
Use of military pressure to achieve diplomatic or trade concessions.
Aims and Approach
Consequences
Opium Trade
British illegal export of opium to China to fix trade deficit.
Trade Imbalance
Britain imported more from China than it exported, draining silver reserves.