China has always been viewed like the “troll” in Nordic folklore, beings living in isolated areas far from human habitation in small family units. Know more:
China has always been viewed like the “troll” in Nordic folklore, beings living in isolated areas far from human habitation in small family units.
Hernán Cortés and Francisco Pizarro helped by “conquering” primarily Mexico and Peru . Both areas created the great wealth of the Spanish Empire because of the immense amount of silver found in both countries. Meanwhile, Ferdinand Magellan “discovered” the Philippines, which was eventually colonized by Spanish explorer Miguel López de Legazpi arriving from Mexico in 1565.By the mid-1500s, the Spanish Empire had established the first global trade network.
The British, however, found a trade-balance solution in opium. The Brits heavily promoted opium production in Bengal and India. Selling it to the Chinese transformed the massive trade deficit into a massive surplus with the outflow of around 20 million “silver dollars” from the Chinese empire between 1820 and 1835.
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