Economic history of China before 1912
The economic history of China before 1912 was a time when Chinese people mainly bought and sold goods in markets called “bazaars.” People bought food, clothing, and items they needed for everyday life in these bazaars. They would use metal coins, or “cash” to buy things. Throughout China, people also bartered, or traded items with each other for goods instead of using money. Sometimes art, jewelry, or animals were used in barter trades.
At this time, Chinese people were mostly involved in farming. They grew lots of crops like rice, wheat, and soy beans. They were also involved in the handicraft industry, which means they made furniture, pottery, and toys.
During this period, the Chinese government was able to help the economy by putting laws in place so that people could trade in peace and safety. They also set up schools and exams so that people could learn and get new jobs, which made the economy stronger.
By the early 1900s, China had become a more industrialized country. The government started building railways and roads so that goods could be moved quickly and cheaply. This made it easier for people to trade and transport goods all over the country.
In 1911, China finally overthrew the Qing dynasty and became a republic. This is when the modern economic history of China began.
At this time, Chinese people were mostly involved in farming. They grew lots of crops like rice, wheat, and soy beans. They were also involved in the handicraft industry, which means they made furniture, pottery, and toys.
During this period, the Chinese government was able to help the economy by putting laws in place so that people could trade in peace and safety. They also set up schools and exams so that people could learn and get new jobs, which made the economy stronger.
By the early 1900s, China had become a more industrialized country. The government started building railways and roads so that goods could be moved quickly and cheaply. This made it easier for people to trade and transport goods all over the country.
In 1911, China finally overthrew the Qing dynasty and became a republic. This is when the modern economic history of China began.