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Between 1640-1660, Great Britain enjoyed the greatest benefits of mercantilism. During this period, the prevailing economic wisdom suggested that the empire's colonies could supply raw materials and resources to the mother country and subsequently be used as export markets for the finished products.
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How was the transport operation?
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The Treaty of Nanking was a peace treaty signed on August 29, 1842 between the British Empire and the Qing Dynasty that marked the end of the First Opium War.
After the defeat of China in the war, the representatives of the British Empire and the China of Qing negotiated the terms of the treaty aboard the British warship HMS Cornwallis, in waters of Nanking. On August 29, 1842, the British representative Sir Henry Pottinger and the representatives of Qing, Qiying, Ilibu and Niujian, signed the treaty which consisted of thirteen articles that were ratified by both Queen Victoria and Emperor Daoguang ten months later.
