What did China gain from the Treaty of Nanjing?
China paid the British an indemnity, ceded the territory of Hong Kong, and agreed to establish a “fair and reasonable” tariff. British merchants, who had previously been allowed to trade only at Guangzhou (Canton), were now permitted to trade at five “treaty ports” and with whomever they pleased (see Canton system).
What were 4 outcomes from the Treaty of Nanjing?
The Treaty of Nanjing, the beginning of a series of unfair agreements that benefited the West and hurt China, required China to repay British merchants for damages, open five ports for British residence and trade, and place a low tariff on British goods.
What did China lose in the Treaty of Nanjing?
The treaty required the Chinese to pay an indemnity, to cede the Island of Hong Kong to the British as a colony, to essentially end the Canton system that had limited trade to that port and allow trade at Five Treaty Ports.
Who signed Treaty of Nanjing?
Under the Treaty of Nanking, signed on August 29, 1842, China agreed to open the five ports requested (Canton, Amoy, Foochow, Ningpo, and Shanghai), pay an indemnity of 20 million silver dollars, abolish the Cohong monopoly that hitherto had controlled trade in and through Canton, and adhere to a fixed schedule of …
How was the Nanjing Treaty unequal?
The agreements reached between the Western powers and China following the Opium Wars came to be known as the “unequal treaties” because in practice they gave foreigners privileged status and extracted concessions from the Chinese.
What was the result of the unequal treaties in China?
Towards the end of the unequal treaties China declared war on Germany on August 17 1917. These acts voided the unequal treaty of 1861, resulting in the reinstatement of Chinese control on the concessions of Tianjin and Hankou to China.
What did the British gain from the Treaty of Nanjing?
Peace negotiations proceeded quickly, resulting in the Treaty of Nanjing, signed on August 29. By its provisions, China was required to pay Britain a large indemnity, cede Hong Kong Island to the British, and increase the number of treaty ports where the British could trade and reside from one (Canton) to five.
How was the Treaty of Nanjing unequal?
Quick Reference. The treaty between Britain and China that ended the First Opium War. The first Unequal Treaty, it ceded Hong Kong to Britain, broke the Chinese monopoly on trade, and opened the treaty ports of Xiamen (Amoy), Guangzhou (Canton), Fuzhou (Foochow), Ningbo (Ningpo), and Shanghai to foreign trade.
Why did the Chinese call the Treaty of Nanjing the unequal Treaty?
Historian Immanuel Hsu states that the Chinese viewed the treaties they signed with Western powers and Russia as unequal “because they were not negotiated by nations treating each other as equals but were imposed on China after a war, and because they encroached upon China’s sovereign rights which reduced her to …
Why was the Treaty of Tianjin considered humiliating for the Chinese?
Why was the Treaty of Tianjin considered humiliating for the Chinese? It made the Chinese opium trade legal.