3 Flashcards
What economic system did Britain use in the first half of the 19th century?
Protectionist
What was protectionism replaced by?
Free trade
Which colonies did the worst out of free trade?
Dependent ones - India
Between 1880 and 1914 what % of British overseas investment went to the Empire?
25%
Between 1887 and 1913 what % total overseas investment went to Africa, India and the dominions?
6%, 10%, 22%
In the third quarter of 19th century what percentage of British imports came from their colonies?
20%
What percentage of British exports went to the Empire during the same time period?
1/3
What technological improvements were made which helped the growth in trade?
Railways, steamships, underwater cables, telegraph lines
Why did the British government change its attitudes towards Chartered Companies in the 1870s?
Great Depression, faced challenges from Europe and America to its economic dominance
What year did the North Borneo trading company receive a charter?
1881
What goods were traded in Borneo?
Coal, iron, copper, tobacco, coffee
Who was the leader of the Royal Niger Company?
George Goldie
What was the main product of this company?
Palm oil
When did the Royal Niger Company receive charter?
1886
What was the company which operated in East Africa?
Imperial British East Africa Company
Who was the leader of the IBEAC?
William McKinnon
When did the IBEAC receive charter?
1888
What was the chartered company in South Africa?
South Africa Company
Who was the leader of the South Africa Company?
Cecil Rhodes