Trade Agreement Quotes



Hong Kong was not always a successful city or colony. In 1844 the British were thinking of swapping it for a better colony. However, in a rare combination of synergistic development of a colony, the great strengths of the Chinese and that of the English combined to make Hong Kong one of the best and well developed cities in the world. Few imperial colonies turned out as well.


Harris opened up trade with Japan for the United States. The problem at the time had nothing to do with the potential economic effects of trade on domestic industry or balance of payments, but for the Japanese was strictly a cultural problem. They were in great fear of what today some call “cultural imperialism”--the adoption of a foreign culture. The Japanese had been so fearful of cultural influence of foreigners that when some Japanese fishermen’s boat had been sunk and they had been rescued by foreign seamen and returned to Japan, they were executed as they had been “contaminated” and could “contaminate” the rest of the population.