Benefits of Trade with the Empire for Britain Flashcards
What were the benefits of the Suez Canal?
Journey times to India dropped to seventeen days and second-class fares cost £50.
What was the growth of the British Empire linked to?
The wealth and prosperity of 18th and 19th century Britain.
Britain was provided with raw materials and markets.
What did raised taxes (on the new wealth created as a result of Empire) help create?
It helped create and maintain Britain’s mighty navy.
What was one of the main reasons for Britain founding colonies?
Access to raw materials.
Give examples of the raw materials that colonies offered to Britain.
Foodstuffs, drugs, fuels and minerals, metals, natural products and much more.
What could only be carried in British Vessels?
Goods sailing between British and colonial parts.
India and Egypt were sources of what?
Abundant cheap cotton and later, in India, the cash crop opium.
Over the 19th century, what did Britain add to its colonial holdings?
10 million square miles and 400 million people.
What was responsible for much later 19th-century colonisation?
The chartered company
What was the value of Britain’s capital invested abroad in 1914?
£3.8 billion.
That was more than double French overseas investment and more than three times the German figure.
How much did the value of Britain’s exports rise between 1860 and 1880?
30%
How much did the value of Britain’s imports rise between 1860 and 1880?
96%
