How could the Western merchants balance their trade with China?

cbse
peasants-and-farmers
cbse-class-9
cbse-class-9-social

#1

How could the Western merchants balance their trade with China?
Answer:

  • The Western merchants could buy tea only by paying in silver coins or bullion.
  • It meant outflows of treasure from England, as it would deplete the wealth of the nation.
  • The merchants therefore looked for ways to stop this loss of silver.
  • They searched for a commodity they could sell in China, something they could persuade the Chinese to buy. So, opium was one such commodity.