Cain and Hopkins Flashcards
What drove British expansion after 1850?
Explosion of financial and credit sector in the south of England.
Who dominated the finance sector?
The gentlemanly capitalist - new middle class of public school and elite educated men. They were friends with the landed elites in government.
Why was Gladstone’s financial policy important?
It kept the sterling strong and therefore a useful tool for lending.
How did foreign hinterland develop?
Through infrastructure projects which were bankrolled by by London. Forgein development was dependant on the genetlemently capitalist in London. (sons of who were in the settled areas).
Settler societies were…..
Wholly dependant on the investment from metropole.
How were banks and government linked?
The banks needed the government to protect there money abroad in insecure areas. The government needed the banks to fund infrastuture projects that used british industry.
How is South Africa example?
Conquest of Boer republic, it was a very costly campaign to the government. however it was required as it protected the mining industry in which the gentlemanly capitalist had significant financial and commercial stakes in.
Expnasion lead by?
Economic pulses of metropole energised by gentlemen.
Why was Britian vital for Argentina but only important for britian? why was argentina left alone?
23% of trade went to britiain while only 5% of britians came back. Half of land assets were owned by foreigners. Argentina left alone because it was white.
