history project (winky, gary, michael)
TRANSCRIPT
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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.