Couverture de How One Commodity Bankrupted an Empire

How One Commodity Bankrupted an Empire

How One Commodity Bankrupted an Empire

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In 1839, a Qing official burned 20,000 chests of opium in a pit outside Canton. Britain responded with gunboats. Three years later, China signed away Hong Kong and 40% of its tax revenue.


But the bill didn't stop there.


This episode traces the financial wreckage of the First Opium War — from the silver drain that crippled the Qing treasury to the desperation that would soon ignite history's deadliest civil war.


The first audit in the Silk Ledger.

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