Its the 2nd one. We learned about this!!
They transformed peacetime industries into war industries.
Hope this helps. :)
Explanation:
The purpose of Hay's notes was to grant all the major powers equal access to Chinese trade and reduce the influence of countries that already had an especially large hold in China (such as Japan and Russia) so they couldn't force other countries (particularly the United States) out of the Chinese market.
The titans were seen as hideous creatures