Showing posts with label us and China trade. Show all posts
Showing posts with label us and China trade. Show all posts

Sunday, March 24, 2019

558. The Empress of China Sailed to China on February 22, 1784

Embodying Americans' hope to break through the British blockade and revitalize the depressed postwar economy, the Empress of China, the first American commercial ship after its independence, left New York for Canton (Guangzhou), China, on February 22, 1784. Before the Empress of China left the East River Harbor of New York, George Washington duly signed the sea letter, guiding the purpose of the Empress of China's voyage.

There was a great deal of uncertainty in the newly founded country. After the war for independence was over, the nation's fiscal system was on the brink of chaos. Many small farmers, the broad base of the new nation, were being thrown into jail for debt and many others were forced to lose their farms. The Congress, established under the Articles of Confederation, was attempting to bring order out of the turmoil. In Massachusetts, an agrarian revolt spread quickly.

In the meantime, Britain, which lost the war militarily, was seeking to defeat the Americans economically. It strengthened its economic pressure on individual states to compel them, one by one, to return to "Mother England". Britain closed all traditional trade partners to the new nation, and American merchants could no longer trade with Spain, Africa and West Indies. In the aftermath of the victory of the American revolutionary war, France, Holland and other European countries were willing to use the US as their market, but not anxious to take American wares in exchange.

Given the situation, commerce became "the lifeblood of America's recovery from its economic slump". New trade partners had to be discovered, new trade routes had to be opened and new connections had to be established. Otherwise, political independence wouldn't last long. It was in this critical situation that the first American voyage to China started.

Monday, March 12, 2018

530 Pearl River in New York


There is a Pearl River in New York. However, the NY Pearl River is not a river but a town. How come a town was named after a name of a Chinese river. There are several explanations about its origin.  According to vikipedia, there are basically two explanations, including the first one, a town resident named Dr. Ves Bogert found small pearls in mussels that thrived in Muddy Brook, and  a lady suggested the name "Pearl River". The second account was that a resident wanted to enhance the local business image by renaming it Pearl River. Based on the fact that New York served as a trading center between China and the United States during the early period of the United States, it is reasonable to agree with the second account.