This close-up of the harbor at Yokohama reveals how busy this treaty port became after Japan opened its doors to foreign trade. The vessels include both sailing ships and coal-fueled, steam-driven paddlewheel ships.
(The latter can be identified by their smokestacks and paddlewheels. Most steamers hoisted sail as well.)
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The near portion of the Yokohama panorama shows housing, presumably for the Japanese merchants who came to Yokohama to set up businesses catering to the needs of the foreign settlement.
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