The
Imperial Cruise by James Bradley, 2009, Excerpts
Bengal in northern
India had long produced opium, for centuries used across Asia as a medicinal
and social drug. England controlled a vast swath of prime opium-growing
country, stretching five hundred miles across Bengal, and the British Empire
invested enormous sums in state-of-the-art opium farming and productive
systems. More than two thousand British opium agents oversaw the efforts of one
million registered Indian opium farmers. The Bengal-to-China opium business
became the world’s most valuable single commodity trade of the nineteenth
century, opium accounted for 15 to 20 percent of the British Empire’s revenue.
Western banks, shipping companies, and insurance companies sprouted to serve
this enormously profitable trade.
Realizing the harm to
their people, the Chinese government banned opium’s sale and use in China.
White Christian opium smugglers could not legally sell the banned drug on
Chinese soil, so they installed floating wooden warehouses in the Pearl River
Delta, where they sold their booty to Chinese criminals who rowed out under the
cover of darkness. It was Christians who smuggled the poisonous drug into
China, so the Chinese called it “Jesus Opium”.
Between 1814 and
1850, the Jesus-opium trade sucked out 11 percent of China’s money supply.
China lost more silver in thirty years than had flowed into the country in the
125 years leading up to the opium trade. As the Chinese money supply
contracted, silver became unnaturally scarce, peasants had trouble paying their
taxes, counterfeiting rose, waves of inflations and deflation whipsawed the
economy, and unrest grew.
The Chinese
government dispatched a royal representative to Canton in 1839 to stop the
Foreign Devil drug trade. Buckingham Palace shook at the news. Queen Victoria
was just twenty years old at this point, on the British throne less than two
years, but when the Chinese threatened to cut her largest single source of
income, she understood the dire financial consequences, the drug trade provided
easy money, silver, that most sustained her empire. Victoria dispatched her
industrialized navy to enforce Britain’s ability to push an illegal drug. What
followed were the two Opium Wars – one from 1839 to 1842, the other from 1856
to 1860. What Victoria spent on these military operations against China was
paltry compared to her take of profits from the illegal Jesus-opium trade.
No comments:
Post a Comment