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Whats problem were caused by east India company dependence of tea trade?

Posted by Harsh Pardhan 6 years, 10 months ago

CBSE > Class 09 > Social Science

1 answers

Yogita Ingle 6 years, 10 months ago

The following problems were caused :
a. The English East India Company was buying tea and silk from China for sale in England. As tea became a popular English drink, tea trade became more and more important. This however, created a problem.
b. England at this time was producing nothing that could easily be sold in China.
c. Problem with regard to financing tea trade with China became a problem.
d. The Confucian rulers were also apprehensive that the foreign merchants would interfere in the local politics and disrupt their authority so were unwilling to allow the entry of foreign goods.
e. English could buy tea only by paying in silver coins or bullion. This meant an outflow of treasure from England.

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