A.D. 1839
The Opium Wars begin, pitting the United Kingdom and others against the Qing dynasty of Imperial China. As a result, China, previously the largest economyderived from the Greek term, oikonomia, for “steward” or “household management,” is a term used to describe a plan of salvation through Christ... more in the world, lost half its share of the global GDP and was forced to open trade.
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