Economy
During the French period there was little industry. The economy was an agricultural one based on:
- the cultivation of rice, which grows mainly in the small deltas along the coast and in some districts gives two crops a year.
- fishing, fish salting and the preparation of nước mắm
Silk spinning and weaving were carried on in what the 1911 Encyclopædia Britannica called "antiquated lines ...silkworms reared in a desultory fashion". Other crops were tea, tobacco, cotton, cinnamon, precious woods and rubber. Coffee, pepper, sugarcane and jute were also cultivated to a minor extent. The exports comprised tea, raw silk and small quantities of cotton, rice and sugarcane. The imports included rice, iron goods, flour, wine, opium and cotton goods. There were coal mines at Nong Son, near Da Nang, and as well as mining of gold, silver, lead, iron and other metals which occur in the mountains. Trade, which was controlled by the Chinese, was mostly carried out on the sea, with the chief ports being Da Nang and Qui Nhơn, open to European commerce.
Read more about this topic: Annam (French Protectorate)
Famous quotes containing the word economy:
“Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind—no matter how ultimately profitable or otherwise successful some of them might prove to be—there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.”
—Jane Jacobs (b. 1916)
“It enhances our sense of the grand security and serenity of nature to observe the still undisturbed economy and content of the fishes of this century, their happiness a regular fruit of the summer.”
—Henry David Thoreau (1817–1862)
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)