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Updated: May 2, 2025
So long as European vessels were cooped up stagnantly in Canton river, and allowed to trade only under circumstances of great restriction and annoyance, little was effected except by the tea-drinking denizens of Great Britain; but when, by the treaty of Nankin in 1842, Sir Henry Pottinger obtained the opening of the four ports of Amoy, Foo-tchow-foo, Ning-po, and Shang-hae, and stipulated that foreign vessels should be allowed to share with those of England the liberty of trading at those ports, there was a great impetus given to ship-builders and ship-owners: those who had goods to sell, thus found a new market for them; and those who could perform the voyage most quickly, would have a quicker return for their capital.
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