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Earn +20 ptsQ: Which drug was blamed for draining the Chinese treasury of silver?
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What product did the British finally find the chinese people would buy and what problems did it cause?
Britain sold opium to China in return for the many Chinese commodities the British people craved as an alternative to using silver as a medium of exchange. The British had no domestic source of silver, whereas opium from Northeast India was available cheaply in large quantities from the British East India Company.
Which product did colonists export to Africa?
iron products silver
What is a especially rich vein of gold or silver?
The Comstock Lode was a rich vein of gold and silver.
What were the positive and negative consequences of Spain's involvement in the silver trade?
Spain's involvement in the silver trade caused the Spanish government to become very rich. However, the value of silver eventually declined so much that Spain went bankrupt.
How did the rush to find gold and silver spark the creation of new communities in the west?
Many people wanted to strike riches of gold and silver.
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