Benefits of Trade with the Empire for Britain Flashcards
What were the advantages of the Suez Canal?
Shortened journey to India by 6000 miles.
Britain got profits from income tariffs for the Suez Canal
What did Africa have that was of value to Britain? And what did they do with it?
Africa had vast amounts of raw material such coal, timber, iron, diamonds and Britain sought these materials so they could manufacture these materials into items such as weapons and textiles, which they could then sell back to Africa.
What is linked to the wealth and prosperity to 18th and 19th century Britain?
The growth of the British Empire
What did Egypt have that was of value to Britain (aside from the Suez Canal)? Why was it valuable to Britain?
Had cheap cotton. Britain was in short supply of cotton when the American Civil War broke out as America was their supplier.
What percent did Britain’s exports rise by between 1860 and 1880?
36%
What percent did Britain’s imports rise by between 1860 and 1880?
96%
What did Britain’s naval spending boost?
British shipbuilding yards, employed nearly a million people and made large profits for their owners.
Many companies made _____ from the Empire.
Fill in the blank.
Large Profits