history project (Winky, Gary, Michael)

8/14/2019 history project (Winky, Gary, Michael)

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The British developed a big trade marketin both colonies.

Hong Kong and the 13 colonists neededto pay the taxes.


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Hong Kong colony:-no special acts to control Hong Kongeconomic activities

-The main economic activity was

transit trading.

-The British built good facilities atHong Kong, such as companies andbanks, such as HKBC.

-Lower and fewer taxes

-More freedom in trading

The 13 colonies:-had some acts to control the colonistseconomic activities.

e.g. stamp act& sugar act

-discontented with the government thatinfluenced their economical development

-The main economic activity of:

The New England Colonies -largely farming and

fishing communitiesThe Middle Colonies-part agriculture, partindustrial, such as produced paper and textiles

The Southern Colonies-almost entirely agricultural

-The British didnt built any facilities for

helping the colonies finance


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The British built facilities in Hong Kong, such asThe Hong Kong and Shanghai BankingCorporation Limited

Effects:

It attracted the Europe people to built company in

Hong Kong and traded.


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Type

Subsidiary of HSBC Holdings plc

Founded

1865

The person who built up HSBC

Headquarters

HSBC Main Building, Hong Kong SAR, China

Key people

Vincent Cheng, ChairmanSandy Flockhart, CEO

IndustryFinance and InsuranceProductsFinancial ServicesEmployees59,300 (including its

subsidiaries)

Website

www.hsbc.com.hkwww.asiapacific.hsbc.com


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The HSBC is a example of the facilities that theBritish built at Hong Kong.

The HSBC was established to finance the growingtrade between China and Europe (with tradedproducts including opium), with an office openedin Shanghai during April of that year.


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Total Exports in Hong Kong

0

20000

40000

60000

80000

100000

120000

140000

160000

1992 1993 1994

Years

mone

yTotal

Exports

Exports

to U.S.

Total Exports (FOB) 119,487/ 135,244/ 150,857

Exports to U.S. (FOB) 27,259/ 31,107/ 35,196


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Total Imports (CIF) 123,816 139,052 159,909

Imports from U.S. (CIF) 9,119 10,266 11,300

Total Imports

0

20000

40000

60000

80000

100000

120000140000

160000

1992 1993 1994

Money

Years Total

Imports

Imports

from U.S.

Information

fromhttp://dosfan.lib.uic.edu/ERC/economics/trade_reports/1994/HongKong.html
http://dosfan.lib.uic.edu/ERC/economics/trade_reports/1994/HongKong.htmlhttp://dosfan.lib.uic.edu/ERC/economics/trade_reports/1994/HongKong.html


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The economic system in Hong Kong colony isbetter than the 13 colonies. The Britishdeveloped Hong Kong finance. So, Hong Kong

can be a international trade city nowadays.Although the Britain make very severe laws tocontrol us , but they helped us to grow ourtrade. So, being a colony maybe isnt a bad

things. We can see both economic system ofHong Kong and America depended on Britain.Its policy cause the main influence on thecolonies.


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The economic development was very goodboth in Britain and Hong Kong.

The trading of them improved the world

economics.Their economics was totally depended on theother countries.

They could accumulate many money.


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Colonial Hong Kong:

-no needed to have any

production

-well development intransportation

-was controlled by BritainGovernment

Britain in IndustrialRevolution:

-well development inproduction

-more freedom in trading


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We can see that when a country have worldtrade, they can earn more money than justtrading in the country. Each country have

different advantages that suitable to havedifferent way to increase money. Such as theVictoria Harbor of Hong Kong, it is suitable forbeing a Freeport.

history project (Winky, Gary, Michael)

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