Abstract
Previous article FreeBack CoverFull TextPDF Add to favoritesDownload CitationTrack CitationsPermissionsReprints Share onFacebookTwitterLinked InRedditEmailQR Code SectionsMoreBlockades Induce Market Power“As the Napoleonic Wars ground on, the importance of the East India Company’s trade in China climbed sharply. Though Britain had in the 1780s reduced its tax on tea imports to 12.5 percent to combat smuggling from continental Europe, the country’s pressing need for funds to finance its naval war against France forced the government to begin squeezing the East India Company harder once again—and it was able to do so, in part, because the vast presence of British land and naval forces during the war made smuggling into England virtually impossible.”[Stephen R. Platt, Imperial Twilight: The Opium War and the End of China’s Last Golden Age (New York: Knopf, 2018)]Suggested by Scott Duke Kominers Previous article DetailsFiguresReferencesCited by Journal of Political Economy Volume 128, Number 12December 2020 Article DOIhttps://doi.org/10.1086/712596 Views: 317 © 2020 by The University of Chicago. All rights reserved. Crossref reports no articles citing this article.
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