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Conditions in Asia in The 19Th Century: Comaine Aman Angelica Mae Arsenal
Conditions in Asia in The 19Th Century: Comaine Aman Angelica Mae Arsenal
ASIA IN THE
19TH CENTURY
COMAINE AMAN
ANGELICA MAE ARSENAL
In the 19th century, three factors changed
the Asian monetary system forever: the
globalization of trade, colonization, and
inflation. The growth of international trade
in the 19th century led to increasing
contact—much of it violent—between
cultures.
In Asia, there were renewed efforts of European penetration
with the weakening of Spain and Portugal and the rise of Great
Britain and France. The British gained its colony in Hong Kong
and forced China to open Five ports to its traders following
China’s defeat in the Opium War of the British, now joined by the
French, forced China to open the whole country to foreigners.
Furthermore, Great Britain enlarged its colony in Hong Kong by
taking over Kowloon, and Japan was forced open by Americans
under Commodore Matthew Perry in 1854. Unlike the Chinese,
however, the Japanese were able to parry western requests to
make Yokohama a treaty port.
India became a crown colony of Great
Britain in 1858 following the suppression or
Far worse in many ways than the corruption of the government was
its inability to provide for basic needs of public works, schools, peace
and order, and other prerequisites to even a semi-modern economy.
Philippines
By the late 18th century, political and economic changes in
Europe were finally beginning to affect Spain and, thus, the
Philippines. Important as a stimulus to trade was the gradual
elimination of the monopoly enjoyed by the galleon to Acapulco.