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:
“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (1817–1862)
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (1844–1900)
“Wise men read very sharply all your private history in your look and gait and behavior. The whole economy of nature is bent on expression. The tell-tale body is all tongues. Men are like Geneva watches with crystal faces which expose the whole movement.”
—Ralph Waldo Emerson (1803–1882)