The period between the turn of the century and beginnings of World War II was Shanghai’s heyday, so to speak. The British and American settlements had combined to form the powerful International Settlement, which was headquartered on the western bank of the Huangpu River. This area evolved into what was in effect a modern European city, though it was primarily inhabited by Chinese. Electricity, and thus industry, was introduced and the city began to generate more and more income for the westerners.
As the affluence rose, the city became more and more cosmopolitan. There was fantastic art and architecture everywhere, and bars, brothels, dance halls, and nightclubs were packed with patrons. The city earned the nickname the “Paris of the East” in response to the decadence and glamour. Shanghai became known as a place of indulgence, where the rich were catered to, with every vice pampered to the greatest degree.
In 1929, Shanghai millionaire Victor Sassoon opened the legendary Cathay Hotel (it has since been renamed the Peace Hotel). Sassoon was a British descendant of Jews who made a fortune in the Chinese opium trade, as well as in real estate ventures. He lived in the suite on the top floor of the hotel, and his parties for Shanghai’s elite became legendary. The hotel was known as one of the most luxurious in the world. It is still a functioning hotel today, and you can visit for a tour, even if you don’t opt to stay there. It is a remaining legacy of Shanghai’s colonial glory days.