The colonial history of China is particularly important as we consider her rise on the world stage once again. Readers of this blog may remember my brief discussion about The Silk Road early at the outset of these discussions of world history. Before the advent of national economic statistics across the world, it was impossible to measure the comparative wealth of different peoples. Yet, the evidence we do possess shows that China and India were considerably more wealthy than anywhere else in the world until Britain invaded China in the 1840s.

Colonisation and slavery were the cornerstones of the Industrial Revolution. European industrialisation and Atlantic-American slavery as two structural global transformations must be understood as an integral whole. Industrialisation in the 19th century was enough to bring Europe out of a backwater in terms of global wealth and power. The processes of industrialisation have been written about in detail by scholars, and students of economic history will be deeply aware of industrialisation.

Over 450 years from 1500 to 1945, the major European powers competed with one another over colonies. There were no established global rules until the 20th century. One of the purposes of the monopoly companies was to take colonies from other European powers, it is in this sense that European colonisation was a competitive process. The religious wars and conflicts between states within Europe were replicated across the globe. The Spanish and Portuguese were first off the block in the 15th century, invading and colonising the Americas.

After having outlined in the previous blog the origins of the early monopoly companies, it is now worth pausing to understand how these monopoly companies operated. Divest yourself of any conception you might possess of a trading company today. From their origins, these companies operated like ships of war. They were designed to combat all aggression from any direction: aggression from the people they might meet on landing, from other ships that might wish to steal their cargoes, and from other European monopoly companies that wished to steal their trade.