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University of Illinois
University of Illinois: Early Trade With China: Early American Trade Routes to China [Pdf]
Once the colonies gained their independence, American ships began to search the oceansfor markets to replace the British colonial markets from which they were now excluded (theWest Indies) or in which they were subjected to heavy tax...
University of Illinois
University of Illinois: Early Trade With China: Trading Strategies [Pdf]
Americans wanted to buy tea, silk, nankeen (a strong, coarse cloth used to make workclothes), and chinaware from China. To pay for these goods, it was necessary to find products that the Chinese would take in trade. Initially, Americans...
University of Illinois
University of Illinois: Early American Trade With China: Fortune and Failures in Fur [Pdf]
One of the things economists do is to study the relationship between the supply of products being sold on the market, the demand for products by consumers, and the price of products. They look at how price is determined by the...