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Opium after the Manila Galleon: The Spanish involvement in the opium economy in East Asia (1815-1830)

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  • Ander Permanyer-Ugartemendia

    (Institut Universitari d’Història Jaume Vicens i Vives, Universitat Pompeu Fabra, Barcelona, Spain)

Abstract

This paper identifies the Spaniards’ involvement in the opium trade in China at the beginning of the 19th century. Several sources have been consulted, mainly the Jardine Matheson Archive at the University of Cambridge and the Archivo General de Indias in Seville. These activities took place from the end of the Manila Galleon until 1830, and were undertaken by some employees of the Spanish Royal Philippine Company in Calcutta and Canton in their private businesses. These houses collaborated closely with the British firms during the opium boom, and Manila private financial support was provided. Thus, Spaniards undoubtedly made a fundamental contribution during a key stage of development of the opium economy and evolution of modern Chinese history, being a precedent of what became the prestigious British company Jardine, Matheson & Co. KEY Classification-JEL: N45. N75. N76. N85

Suggested Citation

  • Ander Permanyer-Ugartemendia, 2014. "Opium after the Manila Galleon: The Spanish involvement in the opium economy in East Asia (1815-1830)," Investigaciones de Historia Económica - Economic History Research (IHE-EHR), Journal of the Spanish Economic History Association, Asociación Española de Historia Económica, vol. 10(03), pages 155-164.
    • Handle: RePEc:ahe:invest:v:10:y:2014:i:03:p:155-164
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    References listed on IDEAS

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    1. Downs, Jacques M., 1968. "American Merchants and the China Opium Trade, 1800–1840," Business History Review, Cambridge University Press, vol. 42(4), pages 418-442, January.
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    Cited by:

    1. Javier Mejia & Javier Mejia, 2021. "The economics of the Manila Galleon," Journal of Chinese Economic and Foreign Trade Studies, Emerald Group Publishing Limited, vol. 15(1), pages 35-62, October.

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      More about this item

      Keywords

      Opium. Spain–China relations. Spanish Royal Philippine Company. Jardine; Matheson & Co.;

      JEL classification:

      • N45 - Economic History - - Government, War, Law, International Relations, and Regulation - - - Asia including Middle East
      • N75 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services - - - Asia including Middle East
      • N76 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services - - - Latin America; Caribbean
      • N85 - Economic History - - Micro-Business History - - - Asia including Middle East

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