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127-463: The emergence of the "old" China Consortium in 1909–1910 happened in the context of Qing dynasty China's need for external financing, because of its need to pay war damages under the Treaty of Shimonoseki of 1895 (200 million taels ) and Boxer Protocol of 1901 (450 million taels), and with the scramble for railway concessions in the late 19th and early 20th centuries. The context was further framed by

254-564: A "responsible cabinet" led by Yikuang , Prince Qing. However, it became known as the " royal cabinet ", as five of its thirteen members, were part of or related to the royal family. The Wuchang Uprising on 10 October 1911 set off a series of uprisings. By November, 14 of the 22 provinces had rejected Qing rule. This led to the creation of the Republic of China , in Nanjing on 1 January 1912, with Sun Yat-sen as its provisional head. Seeing

381-622: A Han revolt in 1623, Nurhaci turned against them and enacted discriminatory policies and killings against them. He ordered that Han who assimilated to the Jurchen (in Jilin) before 1619 be treated equally with Jurchens, not like the conquered Han in Liaodong. Hong Taiji recognized the need to attract Han Chinese, explaining to reluctant Manchus why he needed to treat the defecting Ming general Hong Chengchou leniently. Hong Taiji incorporated Han into

508-485: A campaign to unify the nearby tribes . By 1616, however, he had sufficiently consolidated Jianzhou so as to be able to proclaim himself Khan of the Later Jin dynasty in reference to the previous Jurchen-ruled Jin dynasty . Two years later, Nurhaci announced the " Seven Grievances " and openly renounced the sovereignty of Ming overlordship in order to complete the unification of those Jurchen tribes still allied with

635-618: A desperate situation, the Qing court brought Yuan Shikai back to power. His Beiyang Army crushed the revolutionaries in Wuhan at the Battle of Yangxia . After taking the position of Prime Minister he created his own cabinet , with the support of Empress Dowager Longyu . However, Yuan Shikai decided to cooperate with Sun Yat-sen's revolutionaries to overthrow the Qing dynasty. Max Warburg Max Moritz Warburg (5 June 1867 – 26 December 1946)

762-412: A direct threat to the throne. So much so that upon his death he was bestowed the extraordinary posthumous title of Emperor Yi ( 義皇帝 ), the only instance in Qing history in which a Manchu "prince of the blood" ( 親王 ) was so honored. Two months into Shunzhi's personal rule, however, Dorgon was not only stripped of his titles, but his corpse was disinterred and mutilated. Dorgon's fall from grace also led to

889-666: A disappointed civil service examination candidate who, influenced by reading the Old Testament in translation, had a series of visions and announced himself to be the son of God, the younger brother of Jesus Christ, sent to reform China. In 1851, Hong launched an uprising in Guizhou and established the Taiping Heavenly Kingdom with himself as its king. Within this kingdom, slavery, concubinage, arranged marriage, opium smoking, footbinding, judicial torture, and

1016-613: A former minor Ming official, who established a short-lived Shun dynasty . The last Ming ruler, the Chongzhen Emperor , committed suicide when the city fell to the rebels, marking the effective end of the dynasty. Li Zicheng then led rebel forces numbering some 200,000 to confront Ming general Wu Sangui , stationed at Shanhai Pass of the Great Wall to defend the capital against the approaching Manchu-led armies. Wu, to survive, had to ally with one of his adversaries against

1143-415: A joint investment vehicle, called Chinese Central Railways Ltd. The British-French arrangement of 1904 was explicitly open to future American and also Belgian participation, even though no American participant firmly committed at the time. In subsequent years, Chinese official Zhang Zhidong played Western powers against each other to secure better borrowing conditions, and offered the opportunity to finance

1270-519: A misunderstanding that Manchus were afraid of water. Han bannermen carried out the fighting and killing, casting conquest of the Mingdoubt on the claim that fear of the water led to the coastal evacuation and ban on maritime activities. Even though a poem refers to the soldiers carrying out massacres in Fujian as "barbarians", both Han Green Standard Army and Han bannermen were involved and carried out

1397-562: A new consortium. The United States Department of State aimed both at limiting if not eliminating foreign spheres of influence in China, and at securing equal access to the Chinese market for American capital. The U.S. subsequently invited France, Japan and the UK to negotiate a new agreement, and the four countries' delegates eventually adopted a draft agreement on 12 May 1919 as they were meeting for

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1524-454: A patron of Tibetan Buddhism to establish legitimacy as a ruler of the Mongols and Tibetans. Kangxi's reign began when the young emperor was seven. To prevent a repeat of Dorgon's monopolizing of power, on his deathbed his father hastily appointed four regents who were not closely related to the imperial family and had no claim to the throne. However, through chance and machination, Oboi ,

1651-485: A series of edicts and plans were made to reorganize the bureaucracy, restructure the school system, and appoint new officials. Opposition from the bureaucracy was immediate and intense. Although she had been involved in the initial reforms, the Empress Dowager stepped in to call them off , arrested and executed several reformers, and took over day-to-day control of policy. Yet many of the plans stayed in place, and

1778-485: A short, but hard-fought campaign. She fled to Xi'an . The victorious allies then enforced their demands on the Qing government, including compensation for their expenses in invading China and execution of complicit officials, via the Boxer Protocol . The defeat by Japan in 1895 created a sense of crisis which the failure of the 1898 reforms and the disasters of 1900 only exacerbated. Cixi in 1901 moved to mollify

1905-809: A short-lived proto-state known as the Zheltuga Republic (1883–1886) in the Amur River basin, which was however soon crushed by the Qing forces. In 1884, Qing China obtained concessions in Korea , such as the Chinese concession of Incheon , but the pro-Japanese Koreans in Seoul led the Gapsin Coup . Tensions between China and Japan rose after China intervened to suppress the uprising. The Japanese prime minister Itō Hirobumi and Li Hongzhang signed

2032-400: Is associated with fire within the Chinese zodiacal system , while Qīng ( 清 ) is associated with water, illustrating the triumph of the Qing as the conquest of fire by water. The name possibly also possessed Buddhist implications of perspicacity and enlightenment, as well as connection with the bodhisattva Manjusri . Early European writers used the term "Tartar" indiscriminately for all

2159-534: Is considered the start of the dynasty's rule. The dynasty lasted until the Xinhai Revolution of October 1911 led to the abdication of the last emperor, February 12, 1912. In Chinese historiography , the Qing dynasty was preceded by the Ming dynasty and succeeded by the Republic of China . The multi-ethnic Qing dynasty assembled the territorial base for modern China . It was the largest imperial dynasty in

2286-453: Is nothing we lack..." Since China had little demand for European goods, Europe paid in silver for Chinese goods, an imbalance that worried the mercantilist governments of Britain and France. The growing Chinese demand for opium provided the remedy. The British East India Company greatly expanded its production in Bengal. The Daoguang Emperor , concerned both over the outflow of silver and

2413-617: The Kindertransport initiative to the United Kingdom) and a son, Eric Warburg (1900–1990), who served during WW2 and was later involved with the OSS, along with founding E.M. Warburg & Co, later known as Warburg Pincus . His company did deals on Wall Street with help of people like Alan Dulles, and he maintained a close relationship with John J. McCloy over the years. This German business-related biographical article

2540-626: The Battle of Shanhai Pass on 27 May 1644. The newly allied armies captured Beijing on 6 June. The Shunzhi Emperor was invested as the " Son of Heaven " on 30 October 1644. The Manchus, who had positioned themselves as political heirs to the Ming, held a formal funeral for the Chongzhen Emperor. However, completing the conquest of China proper took another seventeen years of battling Ming loyalists, pretenders and rebels. The last Ming pretender, Prince Gui , sought refuge with Pindale Min ,

2667-870: The Beiyang Army , and the purchase of armament factories from the Europeans. The dynasty gradually lost control of its peripheral territories. In return for promises of support against the British and the French, the Russian Empire took large chunks of territory in the Northeast in 1860. The period of cooperation between the reformers and the European powers ended with the 1870 Tianjin Massacre , which

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2794-631: The British Royal Navy . British soldiers, using advanced muskets and artillery, easily outmaneuvered and outgunned Qing forces in ground battles. The Qing surrender in 1842 marked a decisive, humiliating blow. The Treaty of Nanjing , the first of the " unequal treaties ", demanded war reparations, forced China to open up the Treaty Ports of Canton , Amoy , Fuzhou , Ningbo and Shanghai to Western trade and missionaries, and to cede Hong Kong Island to Britain. It revealed weaknesses in

2921-697: The Convention of Tientsin , an agreement to withdraw troops simultaneously, but the First Sino-Japanese War of 1895 was a military humiliation. The Treaty of Shimonoseki recognized Korean independence and ceded Taiwan and the Pescadores to Japan. The terms might have been harsher, but when a Japanese citizen attacked and wounded Li Hongzhang, an international outcry shamed the Japanese into revising them. The original agreement stipulated

3048-687: The Dungan Revolt (1862–1877) in western China led to the deaths of over 20 million people, from famine, disease, and war. The Tongzhi Restoration in the 1860s brought vigorous reforms and the introduction of foreign military technology in the Self-Strengthening Movement . Defeat in the First Sino-Japanese War in 1895 led to loss of suzerainty over Korea and cession of Taiwan to the Empire of Japan . The ambitious Hundred Days' Reform in 1898 proposed fundamental change, but

3175-594: The Dzungars in Outer Mongolia . The Kangxi Emperor expelled Galdan 's invading forces from these regions, which were then incorporated into the empire. In 1683, Qing forces received the surrender of Formosa (Taiwan) from Zheng Keshuang , grandson of Koxinga , who had conquered Taiwan from the Dutch colonists as a base against the Qing. Winning Taiwan freed Kangxi's forces for a series of battles over Albazin ,

3302-669: The Empain group , the Banque Sino-Belge and their French partners) for a railway line in western China. This was not enough, however, to meet China's financing needs and did not deprive the Consortium of its relevance. By the end of 1912, an agreement of principle was reached between the Beiyang Government and the Consortium for a $ 25 million loan backed by revenue from the Chinese salt tax . The finalization of

3429-670: The Federal Reserve Board of the United States Paul Warburg ; Felix , son-in-law to Jacob Schiff and partner at Kuhn, Loeb & Co.; Fritz; Olga; and Louisa. He apprenticed in Frankfurt , Amsterdam , Paris , and London . From 1910 until 1938, he was director of M. M. Warburg & Co. in Hamburg , Germany. As head of that firm, he advised Kaiser Wilhelm II prior to World War I . In

3556-573: The Paris Peace Conference . The Japanese government accepted the draft agreement on 1 September 1919, but with a reservation with regard to the Liaodong Peninsula (then referred to as South Manchuria) and Mongolia . Compromise language was subsequently agreed to that effect between British and Japanese diplomats, ignoring Chinese objections. The agreement on the new consortium was eventually finalized by negotiators from

3683-600: The Revolt of the Three Feudatories delayed the complete conquest until 1683. As a Manchu emperor, the Kangxi Emperor (1661–1722) consolidated control, relished the role of a Confucian ruler, patronised Buddhism (including Tibetan Buddhism ), encouraged scholarship, population and economic growth. Han officials worked under or in parallel with Manchu officials. To maintain prominence over its neighbors,

3810-557: The Revolt of the Three Feudatories , which lasted for eight years. Kangxi was able to unify his forces for a counterattack led by a new generation of Manchu generals. By 1681, the Qing government had established control over a ravaged southern China, which took several decades to recover. To extend and consolidate the dynasty's control in Central Asia, the Kangxi Emperor personally led a series of military campaigns against

3937-584: The Sacred Edict of 1670 effectively extolled Confucian family values. His attempts to discourage Chinese women from foot binding , however, were unsuccessful. The second major source of stability was the Inner Asian aspect of their Manchu identity, which allowed them to appeal to the Mongol, Tibetan and Muslim subjects. The Qianlong Emperor propagated an image of himself as a Buddhist sage ruler ,

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4064-523: The Shunzhi Emperor , with Dorgon as regent and de facto leader of the Manchu nation. Meanwhile, Ming government officials fought against fiscal collapse, against each other, and against a series of peasant rebellions . They were unable to capitalise on the Manchu succession dispute and the resulting boy emperor. In April 1644, Beijing was sacked by a contentious rebel coalition led by Li Zicheng ,

4191-497: The Tsardom of Russia . However, during the 18th century, European empires gradually expanded across the world and developed economies predicated on maritime trade, colonial extraction, and technological advances. The dynasty was confronted with newly developing concepts of the international system and state-to-state relations. European trading posts expanded into territorial control in what is now India and Indonesia. The Qing response

4318-594: The Twenty-One Demands formulated by the Imperial Japanese government in early 1915. But throughout his first term, Wilson's preference was to only encourage private lending by U.S. banks in China without any government guarantee, and that did not happen given the high risks involved and the more attractive opportunities for American banks to lend elsewhere, particularly in wartime Europe. Conditions changed in late 1916 after Wilson's reelection and

4445-543: The Xianfeng Emperor agreed to the Treaty of Tientsin , which contained clauses deeply insulting to the Chinese, such as a demand that all official Chinese documents be written in English and a proviso granting British warships unlimited access to all navigable Chinese rivers. Ratification of the treaty in the following year led to a resumption of hostilities. In 1860, with Anglo-French forces marching on Beijing,

4572-672: The Yuan dynasty after the defeat of the last Khagan of the Mongols, Hong Taiji renamed his state from "Great Jin" to "Great Qing" and elevated his position from Khan to Emperor , suggesting imperial ambitions beyond unifying the Manchu territories. Hong Taiji then proceeded to invade Korea again in 1636. Meanwhile, Hong Taiji set up a rudimentary bureaucratic system based on the Ming model. He established six boards or executive level ministries in 1631 to oversee finance, personnel, rites, military, punishments, and public works. However, these administrative organs had very little role initially, and it

4699-455: The history of China and in 1790 the fourth-largest empire in world history in terms of territorial size. With over 426 million citizens in 1907 , it was the most populous country in the world at the time. Nurhaci , leader of the House of Aisin-Gioro and vassal of the Ming dynasty, unified Jurchen clans (known later as Manchus) and founded the Later Jin dynasty in 1616, renouncing

4826-637: The queue hairstyle which was worn by Manchu men, on pain of death. The popular description of the order was: "To keep the hair, you lose the head; To keep your head, you cut the hair." To the Manchus, this policy was a test of loyalty and an aid in distinguishing friend from foe. For the Han Chinese, however, it was a humiliating reminder of Qing authority that challenged traditional Confucian values. The order triggered strong resistance in Jiangnan . In

4953-530: The 1727 Treaty of Kyakhta to solidify the diplomatic understanding with Russia. In exchange for territory and trading rights, the Qing would have a free hand in dealing with the situation in Mongolia. Yongzheng then turned to that situation, where the Zunghars threatened to re-emerge, and to the southwest, where local Miao chieftains resisted Qing expansion. These campaigns drained the treasury but established

5080-821: The 1930s, despite the rise of the Nazi Party , Warburg felt there was hope for the future in Germany and tried to wait out the Nazi crisis. From 1933, he served on the board of the German Reichsbank under governor Hjalmar Schacht . He sold the bank because the 1935 Nuremberg laws set the framework and campaign of Aryanization . He then emigrated to the United States in 1938. Max Warburg married Alice Magnus in 1899, and together they had four daughters (including Lola Helene Nina Hahn-Warburg , who instigated

5207-538: The American view that the 1904 arrangements were binding, and thus advocated inclusion of American partners. By then, the U.S. administration led by president William Howard Taft had formulated a new understanding of the prior Open Door Policy , with more emphasis on commercial investment and thus dubbed the " Dollar diplomacy ". This reversal opened a new sequence of protracted negotiations to include American bankers led by J.P. Morgan & Co. Eventually, an agreement

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5334-425: The British government, sent a diplomatic mission to China led by Lord Macartney in order to open trade and put relations on a basis of equality. The imperial court viewed trade as of secondary interest, whereas the British saw maritime trade as the key to their economy. The Qianlong Emperor told Macartney "the kings of the myriad nations come by land and sea with all sorts of precious things", and "consequently there

5461-592: The British, French and German bankers, who decided to go ahead despite reminders from American counterparts about the pledge back in 1904 to include them in the deal. A formal agreement to form the three-nation banking consortium was finalized in Beijing on 6 June 1909 by HSBC , the Deutsch-Asiatische Bank and Banque de l'Indochine , for a loan of £5.5 million subject to Chinese government approval. The British government, however, soon again adopted

5588-615: The British-French Entente Cordiale , concluded in April 1904, and by the Japanese victory in the Russo-Japanese War of 1904–1905, which stimulated nationalist sentiment in China. The Consortium's origins can be traced to a joint British-French initiative in 1904 for joint funding of railway lines in the central area of China. By then, Hankou (now part of Wuhan , near the center of China proper )

5715-487: The China Consortium was hobbled by the fact that Germany was at war with the other members, and the other European belligerents also faced increasing financial distress. Japan stepped up its bilateral lending to China, which provided the bulk of the country's external financing during that period. In the U.S., the Wilson administration gradually changed its stance as it sought to defend the fledgling Chinese republic against increasingly aggressive Japanese encroachments, including

5842-413: The Eight Banners, giving them social and legal privileges. Han defectors swelled the ranks of the Eight Banners so greatly that ethnic Manchus became a minority – only 16% in 1648, with Han bannermen dominating at 75% and Mongol bannermen making up the rest. Gunpowder weapons like muskets and artillery were wielded by the Chinese Banners. Normally, Han Chinese defector troops were deployed as

5969-432: The French. A French invasion of Taiwan was halted and the French were defeated on land in Tonkin at the Battle of Bang Bo . However Japan threatened to enter the war against China due to the Gapsin Coup and China chose to end the war with negotiations. The war ended in 1885 with the Treaty of Tientsin and the Chinese recognition of the French protectorate in Vietnam. Some Russian and Chinese gold miners also established

6096-410: The Jurchen and Khorchin nobilities, while those who resisted were met with military action. This is a typical example of Nurhaci's initiatives that eventually became official Qing government policy. During most of the Qing period, the Mongols gave military assistance to the Manchus. Nurhaci died in 1626, and was succeeded by his eighth son, Hong Taiji . Although Hong Taiji was an experienced leader and

6223-447: The Jurchen polity as citizens obligated to provide military service. By 1648, less than one-sixth of the bannermen were of Manchu ancestry. Hong Taiji died suddenly in September 1643. As Jurchen leaders were chosen by a council of nobles, there was no clear successor. The leading contenders for power were Hong Taiji's oldest son Hooge and Hong Taiji's half brother Dorgon . A compromise installed Hong Taiji's five-year-old son, Fulin, as

6350-440: The Manchu-ruled empire into a modernised Han Chinese state. The Guangxu Emperor died on 14 November 1908, and Cixi died the following day. Puyi , the oldest son of Zaifeng, Prince Chun , and nephew to the childless Guangxu Emperor, was appointed successor at the age of two, leaving Zaifeng with the regency. Zaifeng forced Yuan Shikai to resign. The Qing dynasty became a constitutional monarchy on 8 May 1911, when Zaifeng created

6477-458: The Manchus had entered "South of the Wall" because Dorgon had responded decisively to Wu Sangui's appeal, then, instead of sacking Beijing as the rebels had done, Dorgon insisted, over the protests of other Manchu princes, on making it the dynastic capital and reappointing most Ming officials. No major Chinese dynasty had directly taken over its immediate predecessor's capital, but keeping the Ming capital and bureaucracy intact helped quickly stabilize

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6604-416: The Ming emperor. After a series of successful battles, he relocated his capital from Hetu Ala to successively bigger captured Ming cities in Liaodong: first Liaoyang in 1621, then Mukden (Shenyang) in 1625. Furthermore, the Khorchin proved a useful ally in the war, lending the Jurchens their expertise as cavalry archers. To guarantee this new alliance, Nurhaci initiated a policy of inter-marriages between

6731-430: The Ming overlordship. His son Hong Taiji was declared Emperor of the Great Qing in 1636. As Ming control disintegrated, peasant rebels captured the Ming capital Beijing, but the Ming general Wu Sangui opened the Shanhai Pass to the Qing army, which defeated the rebels , seized the capital, and took over the government in 1644 under the Shunzhi Emperor and his prince regent . Resistance from Ming rump regimes and

6858-412: The Qing government and provoked rebellions against the regime. The Taiping Rebellion (1849–1864) was the first major anti-Manchu movement . Amid widespread social unrest and worsening famine, the rebellion not only posed the most serious threat to Qing rule, but during its 14-year course, between 20 and 30 million people died. The rebellion began under the leadership of Hong Xiuquan (1814–1864),

6985-526: The Qing leveraged and adapted the tributary system employed by previous dynasties, enabling their continued predominance in affairs with countries on its periphery like Joseon Korea and the Lê dynasty in Vietnam, while extending its control over Inner Asia including Tibet , Mongolia , and Xinjiang . The High Qing era reached its apex during the reign of the Qianlong Emperor (1735–1796), who led Ten Great Campaigns of conquest, and personally supervised Confucian cultural projects . After his death,

7112-500: The Qing, most notably in the Miao Rebellion (1854–1873) in Guizhou , the Panthay Rebellion (1856–1873) in Yunnan , and the Dungan Revolt (1862–1877) in the northwest. The Western powers, largely unsatisfied with the Treaty of Nanjing, gave grudging support to the Qing government during the Taiping and Nian rebellions. China's income fell sharply during the wars as vast areas of farmland were destroyed, millions of lives were lost, and countless armies were raised and equipped to fight

7239-470: The Republic of China. It was widely criticized for giving Yuan Shikai the means to defeat the opposition to his rule that is often referred to as China's Second Revolution . The reorganization loan capped a 13-year period of broad unity of action of the foreign powers in China, opened by the Eight-Nation Alliance in response to the Boxer Rebellion in 1900, and ended soon afterwards by the July 1914 Crisis and subsequent world war. During World War I ,

7366-415: The U.S., Morgan's UK affiliate Morgan, Grenfell & Co. , with Edward Grenfell , Henry P. Davison , Max Warburg , Henry H. Harjes , and Willard D. Straight as signatories. The consortium bankers then started discussing the lending terms with the Chinese authorities, which were hesitant to accept the demanding conditions, a valid concern as subsequent events would demonstrate. Finally, on 20 May 1911,

7493-464: The UK despite their financial weakness, Japan, and an expanded group of American banks. (Russia had left the Chinese scene following the October Revolution .) Throughout the first months of 1918, however, the U.S. delayed decision, leaving the Japanese to lend not only to the government in Beijing but also to other Chinese warring factions. Eventually, on 21 June 1918, Wilson approved a proposal by Secretary of State Robert Lansing to start negotiations on

7620-426: The Xinhai Revolution. The abdication of the Xuantong Emperor on 12 February 1912 brought the dynasty to an end. Hong Taiji proclaimed the Great Qing dynasty in 1636. There are competing explanations as to the meaning of the Chinese character Qīng ( 清 ; 'clear', 'pure') in this context. One theory posits a purposeful contrast with the Ming: the character Míng ( 明 ; 'bright')

7747-460: The abolition of the imperial examination system. Sun Yat-sen and revolutionaries debated reform officials and constitutional monarchists such as Kang Youwei and Liang Qichao over how to transform the Manchu-ruled empire into a modernised Han state. After the deaths of the Guangxu Emperor and Cixi in 1908, Manchu conservatives at court blocked reforms and alienated reformers and local elites alike. The Wuchang Uprising on 10 October 1911 led to

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7874-403: The arrival in October of a new Japanese government led by Seiki Terauchi, which adopted a policy of "no coercion in China". On 30 January 1917, representatives of the Consortium's non-German members, namely France, Japan, Russia and the UK, met in London and petitioned their American peers to consider participation in a supplementary issue of the Reorganization Loan. The State Department, however,

8001-450: The capital of Tibet, and installed a Dalai Lama sympathetic to the Qing. The reigns of the Yongzheng Emperor ( r.  1723–1735 ) and his son, the Qianlong Emperor ( r.  1735–1796 ), marked the height of Qing power. However, the historian Jonathan Spence notes that the empire at the end of Qianlong's reign was "like the sun at midday". Despite "many glories", "signs of decay and even collapse were becoming apparent". After

8128-405: The central Chinese railway network, by then known as the Hukuang Railway (with reference to an ancient name for much of the area between the Yangtze and the Southern Chinese coastline), to German financiers instead. Zhang's move in turn prompted the British and French bankers to adopt a more inclusive approach vis-à-vis their German peers. In the spring of 1909, an agreement crystallized between

8255-412: The cession of Liaodong Peninsula to Japan, but Russia, with its own designs on the territory, along with Germany and France, in the Triple Intervention , successfully put pressure on the Japanese to abandon the peninsula. These years saw the participation of Empress Dowager Cixi in state affairs. Cixi initially entered the imperial palace in the 1850s as a concubine of the Xianfeng Emperor, and became

8382-413: The commander of two Banners, the Jurchens suffered defeat in 1627, in part due to the Ming's newly acquired Portuguese cannons . To redress the technological and numerical disparity, Hong Taiji in 1634 created his own artillery corps, who cast their own cannons in the European design with the help of defector Chinese metallurgists. One of the defining events of Hong Taiji's reign was the official adoption of

8509-415: The compilation of the Siku Quanshu , the largest collection of books in Chinese history. Nevertheless, Qianlong used the literary inquisition to silence opposition. Beneath outward prosperity and imperial confidence, the later years of Qianlong's reign were marked by rampant corruption and neglect. Heshen , the emperor's handsome young favorite, took advantage of the emperor's indulgence to become one of

8636-439: The conditions placed on China ignited protests that became the Railway Protection Movement , and contributed to triggering the 1911 Revolution and the demise of the Qing Empire in early 1912. The Consortium opted for a stance of neutrality during the revolutionary turmoil, and rejected desperate requests of the Manchu regime for emergency funding during that period. The young republican regime's de facto strongman, Yuan Shikai ,

8763-429: The conquest. Han bannermen made up the majority of governors during the early Qing, stabilizing their rule. To promote ethnic harmony, a 1648 decree allowed Han Chinese civilian men to marry Manchu women from the Banners with the permission of the Board of Revenue if they were registered daughters of officials or commoners, or with the permission of their banner company captain if they were unregistered commoners. Later in

8890-474: The consortium agreement of October 1920 to object to the creation of the China Development Finance Corporation , but his argument was rejected by the American authorities. Qing dynasty The Qing dynasty ( / tʃ ɪ ŋ / CHING ), officially the Great Qing , was a Manchu -led imperial dynasty of China and the last imperial dynasty in Chinese history . The dynasty, proclaimed in Shenyang in 1636, seized control of Beijing in 1644, which

9017-435: The country for corruption, failing to keep the famine relief granaries full, poor maintenance of roads and waterworks, and bureaucratic factionalism. There soon followed uprisings of "new sect" Muslims against local Muslim officials, and Miao tribesmen in southwest China. The White Lotus Rebellion continued until 1804, when badly run, corrupt, and brutal campaigns finally ended it. During the early Qing, China continued to be

9144-482: The damage that opium smoking was causing to his subjects, ordered Lin Zexu to end the opium trade. Lin confiscated the stocks of opium without compensation in 1839, leading Britain to send a military expedition the following year. The First Opium War revealed the outdated state of the Chinese military. The Qing navy, composed entirely of wooden sailing junks , was severely outclassed by the modern tactics and firepower of

9271-488: The death of the Kangxi Emperor in the winter of 1722, his fourth son, Prince Yong ( 雍親王 ), became the Yongzheng Emperor. He felt a sense of urgency about the problems that had accumulated in his father's later years. In the words of one recent historian, he was "severe, suspicious, and jealous, but extremely capable and resourceful", and in the words of another, he turned out to be an "early modern state-maker of

9398-600: The dynasty back on its feet financially and instituted the Self-Strengthening Movement , which adopted Western military technology in order to preserve Confucian values.Their institutional reforms included China's first unified ministry of foreign affairs in the Zongli Yamen , allowing foreign diplomats to reside in the capital, the establishment of the Imperial Maritime Customs Service , the institution of modern navy and army forces including

9525-635: The dynasty faced internal revolts, economic disruption, official corruption, foreign intrusion, and the reluctance of Confucian elites to change their mindset. With peace and prosperity, the population rose to 400 million, but taxes and government revenues were fixed at a low rate, soon leading to a fiscal crisis. Following China's defeat in the Opium Wars , Western colonial powers forced the Qing government to sign unequal treaties , granting them trading privileges, extraterritoriality and treaty ports under their control. The Taiping Rebellion (1850–1864) and

9652-419: The dynasty the policies allowing intermarriage were done away with. The first seven years of the young Shunzhi Emperor's reign were dominated by Dorgon's regency. Because of his own political insecurity, Dorgon followed Hong Taiji's example by ruling in the name of the emperor at the expense of rival Manchu princes, many of whom he demoted or imprisoned. Dorgon's precedents and example cast a long shadow. First,

9779-501: The early 17th century. Nurhaci may have spent time in a Han household in his youth, and became fluent in Chinese and Mongolian languages and read the Chinese novels Romance of the Three Kingdoms and Water Margin . As a vassal of the Ming emperors, he officially considered himself a guardian of the Ming border and a local representative of the Ming dynasty. Nurhaci embarked on an intertribal feud in 1582 that escalated into

9906-638: The emperor and his court fled the capital for the imperial hunting lodge at Rehe . Once in Beijing, the Anglo-French forces looted and burned the Old Summer Palace and, in an act of revenge for the arrest, torture, and execution of the English diplomatic mission. Prince Gong , a younger half-brother of the emperor, who had been left as his brother's proxy in the capital, was forced to sign the Convention of Beijing . The humiliated emperor died

10033-652: The emperor's control of the military and military finance. When the Yongzheng Emperor died in 1735, his son Prince Bao ( 寶親王 ) became the Qianlong Emperor. Qianlong personally led the Ten Great Campaigns to expand military control into present-day Xinjiang and Mongolia , putting down revolts and uprisings in Sichuan and southern China while expanding control over Tibet. The Qianlong Emperor launched several ambitious cultural projects, including

10160-516: The emperor's de facto cabinet for the rest of the dynasty. He shrewdly filled key positions with Manchu and Han Chinese officials who depended on his patronage. When he began to realize the extent of the financial crisis, Yongzheng rejected his father's lenient approach to local elites and enforced collection of the land tax. The increased revenues were to be used for "money to nourish honesty" among local officials and for local irrigation, schools, roads, and charity. Although these reforms were effective in

10287-540: The ensuing unrest, some 100,000 Han were slaughtered. On 31 December 1650, Dorgon died suddenly, marking the start of the Shunzhi Emperor's personal rule. Because the emperor was only 12 years old at that time, most decisions were made on his behalf by his mother, Empress Dowager Xiaozhuang , who turned out to be a skilled political operator. Although his support had been essential to Shunzhi's ascent, Dorgon had centralised so much power in his hands as to become

10414-578: The entire consortium approach, established a strict scheme to control Chinese expenditure as part of the loan negotiations, to be overseen by the foreign commissioners of the Chinese Maritime Customs Service . Japan and Russia subsequently asked to join the consortium which was thus enlarged and became known as the "six-power consortium", by agreement of 18 June 1912, scheduled to expire five years later in June 1917. The consortium

10541-465: The far eastern outpost of the Tsardom of Russia . The 1689 Treaty of Nerchinsk was China's first formal treaty with a European power and kept the border peaceful for the better part of two centuries. Galdan was ultimately killed in the Dzungar–Qing War ; after his death, his Tibetan Buddhist followers attempted to control the choice of the next Dalai Lama . Kangxi dispatched two armies to Lhasa ,

10668-445: The first order". First, he promoted Confucian orthodoxy and cracked down on unorthodox sects. In 1723, he outlawed Christianity and expelled most Christian missionaries. He expanded his father's system of Palace Memorials , which brought frank and detailed reports on local conditions directly to the throne without being intercepted by the bureaucracy, and he created a small Grand Council of personal advisors, which eventually grew into

10795-465: The fledgling new regime. The Consortium, however, soon found out that Tang was separately seeking funding from a competing Belgian-British syndicate, and suspended its advances to the government in response; Tang had to officially cancel the Belgian-British deal on 2 May 1912, which further entrenched the Consortium's position. John Jordan , a British diplomat who had initially been skeptical of

10922-542: The following year at Rehe. Following the death of the Xianfeng Emperor in 1861, and the accession of the 5-year-old Tongzhi Emperor , the Qing rallied. In the Tongzhi Restoration , Han Chinese officials such as Zuo Zongtang stood behind the Manchus and organized provincial troops. Zeng Guofan , in alliance with Prince Gong, sponsored the rise of younger officials such as Li Hongzhang , who put

11049-623: The foreign community, called for reform proposals, and initiated the Late Qing reforms . Over the next few years the reforms included the restructuring of the national education, judicial, and fiscal systems, the most dramatic of which was the abolition of the imperial examination system in 1905. The court directed a constitution to be drafted , and provincial elections were held, the first in China's history. Sun Yat-sen and revolutionaries debated reform officials and constitutional monarchists such as Kang Youwei and Liang Qichao over how to transform

11176-559: The four countries and signed on 15 October 1920 by representatives of the Hongkong and Shanghai Banking Corporation , the Banque de l'Indochine , Yokohama Specie Bank , and the participating American banks: J.P. Morgan & Co. , Kuhn, Loeb & Co. , National City Bank of New York , Guaranty Trust Company of New York , Continental and Commercial Trust and Savings Bank of Chicago , Chase National Bank , and Lee, Higginson & Co. It

11303-509: The four-nation Consortium granted a loan of £6 million to finance the Hukuang Railway, by then defined as the tracks from the northern border of Guangdong to Hankou and from there to the eastern border of Sichuan. In April 1911, the Consortium had separately granted a loan of £10 million for Chinese currency reform, establishing its relevance beyond its original scope of financing railway investment. Just as Chinese officials had feared,

11430-916: The goals of reform were implanted. Drought in North China, combined with the imperialist designs of European powers and the instability of the Qing government, created background conditions for the Boxers . In 1900, local groups of Boxers proclaiming support for the Qing dynasty murdered foreign missionaries and large numbers of Chinese Christians, then converged on Beijing to besiege the Foreign Legation Quarter. A coalition of European, Japanese, and Russian armies (the Eight-Nation Alliance ) then entered China without diplomatic notice, much less permission. Cixi declared war on all of these nations, only to lose control of Beijing after

11557-591: The hegemonic imperial power in East Asia. Although there was no formal ministry of foreign relations, the Lifan Yuan was responsible for relations with the Mongols and Tibetans in Inner Asia, while the tributary system , a loose set of institutions and customs taken over from the Ming, in theory governed relations with East and Southeast Asian countries. The 1689 Treaty of Nerchinsk stabilized relations with

11684-442: The king of Burma , but was turned over to a Qing expeditionary army commanded by Wu Sangui, who had him brought back to Yunnan and executed in early 1662. The Qing had taken shrewd advantage of Ming civilian government discrimination against the military and encouraged the Ming military to defect by spreading the message that the Manchus valued their skills. Banners made up of Han Chinese who defected before 1644 were classed among

11811-589: The land does not." The introduction of new crops from the Americas such as the potato and peanut improved nutrition as well, so that the population during the 18th century ballooned from 100 million to 300 million people. Soon farmers were forced to work ever-smaller holdings more intensely. In 1796, the White Lotus Society raised open rebellion, saying "the officials have forced the people to rebel". Others blamed officials in various parts of

11938-519: The lands of the Qing state (including, among other areas, present-day Northeast China, Xinjiang, Mongolia, and Tibet) as "China" in both the Chinese and Manchu languages, defining China as a multi-ethnic state, and rejecting the idea that only Han areas were properly part of "China". The government used "China" and "Qing" interchangeably to refer to their state in official documents, including the Chinese-language versions of treaties and maps of

12065-852: The loan by the National Assembly . The loan agreement was promptly signed at the HSBC building in the Beijing Legation Quarter on 26 April 1913, a day after Sun Yat-sen had denounced it in a public speech in Shanghai. The loan, of £25 million including repayment of the departed American bankers, became known as the Reorganization Loan, or in Chinese historiography, the Grand Loan of the Second Year of

12192-544: The loan, however, was further delayed by disputes among the foreign powers about the loan's governance arrangements. In early 1913, the U.S. administration led by newly elected President Woodrow Wilson aimed at a new formulation of the Open Door Policy that would abandon Taft's dollar diplomacy. On 19 March 1913, it decided to terminate American participation in the consortium, which was therefore reduced to five participating powers and banks. The American withdrawal

12319-500: The most corrupt officials in the history of the dynasty. Qianlong's son, the Jiaqing Emperor ( r.  1796–1820 ), eventually forced Heshen to commit suicide. Population in the first half of the 17th century did not recover from civil wars and epidemics, but the following years of prosperity and stability led to steady growth. The Qianlong Emperor bemoaned the situation by remarking, "The population continues to grow, but

12446-497: The most junior of the four, gradually achieved such dominance as to be a potential threat. In 1669, Kangxi disarmed and imprisoned Oboi through trickery – a significant victory for a fifteen-year-old emperor. The young emperor faced challenges in maintaining control of his kingdom, as well. Three Ming generals singled out for their contributions to the establishment of the dynasty had been granted governorships in southern China. They became increasingly autonomous, leading to

12573-600: The mother of the future Tongzhi Emperor. Following the his accession at the age of five, Cixi, Xianfeng's widow Empress Dowager Ci'an , and Prince Gong (a son of the Daoguang Emperor), staged a coup that ousted several of the Tongzhi Emperor's regents. Between 1861 and 1873, Cixi and Ci'an served as regents together; following the emperor's death in 1875, Cixi's nephew, the Guangxu Emperor , took

12700-917: The murders as a pretext for a naval occupation of Jiaozhou Bay . The occupation prompted a Scramble for China in 1898, which included the German lease of Jiaozhou Bay , the Russian lease of Liaodong , the British lease of the New Territories of Hong Kong , and the French lease of Guangzhouwan . In the wake of these external defeats, the Guangxu Emperor initiated the Hundred Days' Reform in 1898. Newer, more radical advisers such as Kang Youwei were given positions of influence. The emperor issued

12827-582: The name "Manchu" for the united Jurchen people in November 1635. In 1635, the Manchus' Mongol allies were fully incorporated into a separate Banner hierarchy under direct Manchu command. In April 1636, Mongol nobility of Inner Mongolia, Manchu nobility and the Han mandarin recommended that Hong as the khan of Later Jin should be the emperor of the Great Qing. When he was presented with the imperial seal of

12954-443: The north, in the south and lower Yangtze valley there were long-established networks of officials and landowners. Yongzheng dispatched experienced Manchu commissioners to penetrate the thickets of falsified land registers and coded account books, but they were met with tricks, passivity, and even violence. The fiscal crisis persisted. Yongzheng also inherited diplomatic and strategic problems. A team made up entirely of Manchus drew up

13081-400: The other; one was a Han Chinese peasant army twice his size, but he chose the other. Wu may have resented Li Zicheng's attack on officials and the social order; Li had taken Wu's father hostage and it was said that Li took Wu's concubine for himself. On the other hand, the Manchus had adopted a Chinese-style form of government and promised stability. Wu and Dorgon allied to defeat Li Zicheng in

13208-557: The peoples of Northern Eurasia but in the 17th century Catholic missionary writings established "Tartar" to refer only to the Manchus and " Tartary " for the lands they ruled—i.e. Manchuria and the adjacent parts of Inner Asia , as ruled by the Qing before the Ming–Qing transition . After conquering China proper , the Manchus identified their state as "China", equivalently as Zhōngguó ( 中國 ; 'middle kingdom') in Chinese and Dulimbai Gurun in Manchu. The emperors equated

13335-433: The purge of his family and associates at court. Shunzhi's promising start was cut short by his early death in 1661 at the age of 24 from smallpox . He was succeeded by his third son Xuanye, who reigned as the Kangxi Emperor . The Manchus sent Han bannermen to fight against Koxinga's Ming loyalists in Fujian. They removed the population from coastal areas in order to deprive Koxinga's Ming loyalists of resources. This led to

13462-602: The rebels. In 1854, Britain tried to re-negotiate the Treaty of Nanjing, inserting clauses allowing British commercial access to Chinese rivers and the creation of a permanent British embassy at Beijing. In 1856, Qing authorities, in searching for a pirate, boarded a ship, the Arrow , which the British claimed had been flying the British flag, an incident which led to the Second Opium War . In 1858, facing no other options,

13589-422: The regime and sped up the conquest of the rest of the country. Dorgon then drastically reduced the influence of the eunuchs and directed Manchu women not to bind their feet in the Chinese style. However, not all of Dorgon's policies were equally popular or as easy to implement. The controversial July 1645 Queue Order forced adult Han Chinese men to shave the front of their heads and comb the remaining hair into

13716-488: The stability of their dynasty. The first was the bureaucratic institutions and the neo-Confucian culture that they adopted from earlier dynasties. Manchu rulers and Han Chinese scholar-official elites gradually came to terms with each other. The examination system offered a path for ethnic Han to become officials. Imperial patronage of the Kangxi Dictionary demonstrated respect for Confucian learning, while

13843-613: The throne in violation of the custom that the new emperor be of the next generation, and another regency began. Ci'an suddenly died in the spring of 1881, leaving Cixi as sole regent. From 1889, when Guangxu began to rule in his own right, until 1898, the Empress Dowager lived in semi-retirement, spending the majority of the year at the Summer Palace . In 1897, two German Roman Catholic missionaries were murdered in southern Shandong province (the Juye Incident ). Germany used

13970-406: The vanguard, while Manchu bannermen were used predominantly for quick strikes with maximum impact, so as to minimize ethnic Manchu losses. This multi-ethnic force conquered Ming China for the Qing. The three Liaodong officers who played key roles in the conquest of southern China were Shang Kexi, Geng Zhongming, and Kong Youde, who governed southern China autonomously as viceroys for the Qing after

14097-470: The world. The term 'Chinese people' ( 中國人 ; Zhōngguórén ; Manchu: ᡩᡠᠯᡳᠮᠪᠠᡳ ᡤᡠᡵᡠᠨ ‍ᡳ ᠨᡳᠶᠠᠯᠮᠠ Dulimbai gurun-i niyalma ) referred to all the Han, Manchu, and Mongol subjects of the Qing Empire. When the Qing conquered Dzungaria in 1759 , it proclaimed within a Manchu-language memorial that the new land had been absorbed into "China". The Qing government expounded an ideology that it

14224-493: The worship of idols were all banned. However, success led to internal feuds, defections and corruption. In addition, British and French troops, equipped with modern weapons, had come to the assistance of the Qing army. Nonetheless, it was not until 1864 that Qing forces under Zeng Guofan succeeded in crushing the revolt. After the outbreak of this rebellion, there were also revolts by the Muslims and Miao people of China against

14351-489: The worst slaughter. 400,000 Green Standard Army soldiers were used against the Three Feudatories in addition to the 200,000 bannermen. The 61-year reign of the Kangxi Emperor was the longest of any emperor in Chinese history, and marked the beginning of the High Qing era , the zenith of the dynasty's social, economic and military power. The early Manchu rulers established two foundations of legitimacy that help to explain

14478-466: Was a German banker and scion of the wealthy Warburg family based in Hamburg , Germany . Max Warburg was one of seven children born to Moritz Warburg, the director of the family's Hamburg bank, and his wife Charlotte Oppenheim of the Oppenheim family , another prominent German-Jewish banking family. His siblings were art historian and cultural theorist Abraham “Aby” Warburg ; chief architect of

14605-481: Was being linked to the northern capital of Beijing with funding by Belgian and French investors. In order to further link Hankou with Guangdong in the south and Sichuan in the west, the British and Chinese Corporation (a joint venture of HSBC and Jardine Matheson ), the Pekin Syndicate (a British firm with many French investors), and a French grouping that included the Banque de l'Indochine created

14732-483: Was bringing the "outer" non-Han peoples—such as various populations of Mongolians, as well as the Tibetans—together with the "inner" Han Chinese into "one family", united within the Qing state. Phraseology like Zhōngwài yījiā ( 中外一家 ) and nèiwài yījiā ( 內外一家 )—both translatable as 'home and abroad as one family'—was employed to convey this idea of Qing-mediated trans-cultural unity. The Qing dynasty

14859-731: Was found at a meeting in Paris at the Banque de l'Indochine head office, on 23 May 1910. The contracting parties were, for the UK, the British and Chinese Corporation and Chinese Central Railways Ltd, with Carl Meyer , C. S. Addis , and G. Jameson as signatories; for Germany, the Deutsch-Asiatische Bank, with Franz Urbig and Emil Rehders; for France, the Banque de l'Indochine, with politician Joseph Caillaux , Stanislas Simon and Maurice Casenave (Banque de l'Indochine), and Émile Ullmann (Comptoir National d'Escompte de Paris); and for

14986-614: Was founded not by Han Chinese , who constituted a majority of the population, but by Manchus , a sedentary farming people descended from the Jurchens , a Tungusic people who lived in the region now comprising the Chinese provinces of Jilin and Heilongjiang . The early form of the Manchu state was founded by Nurhaci , the chieftain of a minor Jurchen tribe – the Aisin-Gioro ;– in Jianzhou in

15113-485: Was incited by the murder of French nuns set off by the belligerence of local French diplomats. Starting with the Cochinchina Campaign in 1858, France expanded control of Indochina. By 1883, France was in full control of the region and had reached the Chinese border. The Sino-French War began with a surprise attack by the French on the Chinese southern fleet at Fuzhou. After that the Chinese declared war on

15240-457: Was not until the eve of completing the conquest ten years later that they fulfilled their government roles. Hong Taiji staffed his bureaucracy with many Han Chinese, including newly surrendered Ming officials, but ensured Manchu dominance by an ethnic quota for top appointments. Hong Taiji's reign also saw a fundamental change of policy towards his Han Chinese subjects. Nurhaci had treated Han in Liaodong according to how much grain they had. Due to

15367-698: Was notified to the Chinese government in Beijing on 18 January 1921. Belgium joined the consortium soon afterwards. The new consortium was unable to make loans, because of the political turmoil within China and of the divergent interests of its member countries. It kept existing formally until 1939, however, with regular meetings of bankers forming its council until 1925. By March 1922, its British members included HSBC , Barings Bank , London County and Westminster Bank , Schroders , Chartered Bank of India, Australia and China , N.M. Rothschild & Sons , and British Trade Corporation. In 1934, Japanese ambassador to China Yakichiro Suma  [ ja ] referred to

15494-539: Was poorly executed and terminated by the Empress Dowager Cixi (1835–1908) in the Wuxu Coup . In 1900, anti-foreign Boxers killed many Chinese Christians and foreign missionaries; in retaliation, the Eight-Nation Alliance invaded China and imposed a punitive indemnity . In response, the government initiated unprecedented fiscal and administrative reforms , including elections, a new legal code, and

15621-409: Was popular in China, just as the Consortium and the loan were controversial. Two days after the U.S. withdrawal, the assassination of Song Jiaoren triggered a dramatic escalation of political tension in Beijing, and led Yuan Shikai to reduce his demands in the negotiation with the now five-power consortium in order to have rapid access to fresh funds. Yuan persuaded the bankers to skip ratification of

15748-655: Was reluctant to endorse the plan. That effectively put an end to the First Consortium's activity, whose agreement in the five-power format had expired anyway in June 1917. In August 1917, the Yokohama Specie Bank provided a bilateral loan of 10 million yen to the Chinese government, which it called the Second Reorganization Loan. By late November 1917, Wilson was persuaded that a new consortium should be organized with France and

15875-604: Was thus composed of six national groups: Meanwhile, the unpopularity of the consortium led the Republican government to explore alternative financing options. It agreed later in 1912 to sponsor the Banque Industrielle de Chine , and sought funding from a British syndicate assembled by financier Birch Crisp, and separately from Belgian and French investors (including the Société Générale de Belgique ,

16002-696: Was to establish the Canton System in 1756, which restricted maritime trade to Guangzhou and gave monopoly trading rights to private Chinese merchants . This was successful for a time, and the British East India Company and the Dutch East India Company had long before been granted similar monopoly rights by their governments. In 1793, the British East India Company, with the support of

16129-539: Was unsuccessful in his efforts in January 1912 to raise domestic funding for the Beiyang Government , and thus had to seek further loans from the foreign powers. As soon as 28 February 1912, the Hongkong and Shanghai Bank made an advance of two million taels to Yuan on behalf of the Consortium. Tang Shaoyi , Republican China's first Prime Minister, aimed at a £60 million loan from the Consortium to support

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