Write an essay of about 1000 words including a 150-word abstract, one introduction, three body paragraphs, and one conclusion on the topic of "The 1887 Sino-Portuguese Treaty’s Economic Development on Macau".

Abstract:

The 1887 Sino-Portuguese Treaty was a significant event in the history of Macau, as it opened the door for economic development in the city. The treaty allowed Portugal to maintain its control over Macau, and also granted it the right to lease land for commercial purposes. This led to the establishment of numerous trading and commercial ventures in the city, and paved the way for its economic growth. This essay explores the impact of the 1887 Sino-Portuguese Treaty on Macau’s economic development, highlighting the key factors that contributed to its success.

Introduction:

Macau is a small city located on the southern coast of China, and has a rich and diverse history. It was one of the earliest trading ports in the region, and played a significant role in the development of trade between China and Europe. The city was under Portuguese control for over 400 years, and this period saw the establishment of numerous commercial and trading ventures. However, it was the 1887 Sino-Portuguese Treaty that marked a turning point in the economic development of Macau. This treaty allowed Portugal to maintain its control over Macau, and also granted it the right to lease land for commercial purposes. This led to the establishment of numerous trading and commercial ventures in the city, and paved the way for its economic growth.

Body Paragraph 1:

The 1887 Sino-Portuguese Treaty was a significant event in the history of Macau, as it allowed for the economic development of the city. The treaty allowed Portugal to maintain its control over Macau, and also granted it the right to lease land for commercial purposes. This led to the establishment of numerous trading and commercial ventures in the city, and paved the way for its economic growth. One of the key factors that contributed to the success of the treaty was the strategic location of Macau. The city was located on the southern coast of China, and was a hub for trade between China and Europe. This made it an ideal location for commercial and trading ventures, and led to the establishment of numerous businesses in the city.

Body Paragraph 2:

Another key factor that contributed to the success of the 1887 Sino-Portuguese Treaty was the establishment of the Companhia de Fomento Predial de Macau (CFPM). This company was established in 1890, and was responsible for leasing land to businesses and individuals for commercial purposes. The CFPM played a significant role in the economic development of Macau, as it allowed for the establishment of numerous businesses in the city. The company was also responsible for the construction of numerous buildings in the city, including commercial and residential buildings. This helped to transform Macau into a modern and vibrant city, and paved the way for its economic growth.

Body Paragraph 3:

The economic development of Macau was further facilitated by the establishment of the Banco Nacional Ultramarino (BNU) in 1902. This bank played a significant role in the economic development of Macau, as it provided financial services to businesses and individuals in the city. The BNU also played a key role in the development of the city’s infrastructure, as it funded numerous construction projects in the city. This helped to transform Macau into a modern and vibrant city, and paved the way for its economic growth. The establishment of the BNU also helped to consolidate Macau’s position as a hub for trade and commerce in the region.

Conclusion:

The 1887 Sino-Portuguese Treaty was a significant event in the history of Macau, as it allowed for the economic development of the city. The treaty allowed Portugal to maintain its control over Macau, and also granted it the right to lease land for commercial purposes. This led to the establishment of numerous trading and commercial ventures in the city, and paved the way for its economic growth. The strategic location of Macau, the establishment of the CFPM, and the establishment of the BNU were all key factors that contributed to the success of the treaty. These factors helped to transform Macau into a modern and vibrant city, and paved the way for its economic growth. Today, Macau is one of the most prosperous and dynamic cities in the region, and the legacy of the 1887 Sino-Portuguese Treaty continues to shape its economic development.