1.1 - changing nature + extent of trade Flashcards

how important was gov policy in shaping changes to patters of trade in the years 1763-1914?

1
Q

what was gov economic policy like in the early 18th century + what effects did this have?

A

protectionist + mercantilist
- stifled trade + alienated colonies
- direct cause of AWOI + pushed Ireland towards rebellion

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2
Q

when was the Scramble for Africa?

A

1881-1914

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3
Q

what trade did Britain dominate in the mid-18th century?

A

the slave trade
(by 1790s around 120-130 space ships sailed from Liverpool as part of the triangular trade)

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4
Q

how were the gentry benefitting from the slave trade?

A

many lodged money with the English bankers who gave money to slave traders, the gentry were indirectly benefitting from the slave trade

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5
Q

which group of people organised the first abolitionist movement + when did they petition in parliament?

A

Quakers
1783

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6
Q

who launched a parliamentary campaign against abolition in 1789?

A

Wilberforce

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7
Q

why did parliament repeatedly vote against Wilberforce’s bills?

A

the British-french rivalry was still important - France wanted abolition so Britian were forced to want retention

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8
Q

what Act ended Britain’s role in the slave trade?

A

Slave Trade Act 1807

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9
Q

what book did Smith publish in 1776?

A

Wealth of Nations

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10
Q

what did Smith talk about in his 1776 book?

A
  • he attacked mercantilism, arguing tariffs prevented effective trade
  • argued removing barriers would increase overall wealth, proposing both parties in a trade benefitted from free-trade
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11
Q

why was the adoption of free trade a slow process in Britain?

A
  • many tariffs in place were designed to give British goods a commercial advantage
  • vested interest - parliament dominated by wealthy who often supported these measures to keep their incomes
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12
Q

what did Irish protestors in Dublin do in 1778?

A

protested with a cannon, hung a sign saying ‘free trade or this!’

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13
Q

what did Smith suggest when the gov consulted him in 1778?

A

he called the restrictions on Irish trade ‘unjust’ + ‘oppressive’, recommending Ireland should have free-trade

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14
Q

when did the gov remove restrictions on Ireland?

A

1779

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15
Q

when were the Corn Laws passed?

A

1815

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16
Q

what were the Corn Laws designed to do?

A

to keep grain prices high by excluding foreign grain from British markets

17
Q

what impact did the 1832 ROPA have?

A
  • increased electorate by 60%
  • made constituency boundaries more representative
18
Q

when was the Ani-Corn Law League founded?

A

1838

19
Q

when was Robert Peel the PM?

A

1941

20
Q

how many tariffs did Peel remove + when?

A

over 1,200 during 1842-46

21
Q

what was the most important expression of mercantilism?

A

the Navigation Acts (1651-1673)

22
Q

what did the Navigation Acts mean?

A
  • colonial goods produced for export could only be carried on English built + owned ships
  • certain goods had to be shipped to an English port even if they were to be exported to another European country
  • European imports to British colonies also needed to land at an English port + then be reshipped onwards
23
Q

what did the Navigation Acts prevent?

A

the development of more sophisticated colonial economies

24
Q

what did salutary neglect mean for the Navigation Acts?

A

Britain tended not to enforce trade regulations too tightly + smuggling was rife -> improved relations between Britain + colonies

25
Q

when were the Corn Laws + Sugar Duties removed?

A

Importation Act 1846

26
Q

when did the Navigation Acts get repealed?

A

1849

27
Q

what did the repeal of the Navigation Acts show?

A

the importance of free trade
- Britain removed the basis of its defence policy for the past 200 years
- Nav Acts aimed to increase no. of British ships + provide larger pool of manpower for RN so repeal meant free trade became more important than national defence (even Smith supported Nav Acts bc he thought needs of the Navy were more important than the needs of merchants)

28
Q

when did free-trade dominate gov thinking by?

A

by 1849