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:
“War. Fighting. Men ... every man in the whole realm is in the army.... Every man in uniform ... An economy entirely geared to war ... but there is not much war ... hardly any fighting ... yet every man a soldier from birth till death ... Men ... all men for fighting ... but no war, no wars to fight ... what is it, what does it mean?””
—Doris Lessing (b. 1919)
“The counting-room maxims liberally expounded are laws of the Universe. The merchant’s economy is a coarse symbol of the soul’s economy. It is, to spend for power, and not for pleasure.”
—Ralph Waldo Emerson (1803–1882)
“The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (1817–1862)