Economic and Trade benefits Flashcards

1
Q

All Economic and trade benefits of Empire for Britain

A
  • import agricultural produce as Britain was predominantly an industrial society
  • British manufacturing industries sourced materials from empire
  • Trading companies benefitted massively and many parts of Empire like White Dominion and India were self financing
  • Trade with Empire especially tropical trade
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2
Q

Importance of empire due to the fact Britain was predominant;y an industrial society ?

A
  • it expected the colonies to supply food for a population which was outgrowing the capacity of domestic agriculture
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3
Q

Evidence of food imports from colonies ?

A
  • imported vast quantities of wheat and beef from Canada
  • lamb and dairy products from New Zealand
  • Empire was the main foreign source of cheese, apples and potatoes
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4
Q

Why was trade with colonies for agricultural produce beneficial for British ?

A
  • this trading supply was considered safe and stable
  • it was also cheap because production was under British control
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5
Q

Why did British manufacturing industries sought materials from colonies

A
  • due to the industrial productivity in Britain
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6
Q

What raw materials did British manufacturing industries sought ?

A

cotton, wool, timber, coal and iron all from the Empire

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7
Q

Why was access of these materials so important for the British ?

A

Britains economy relied on materials like these to fuel the industry s the economy could keep growing

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8
Q

How did these raw materials create economic gain ?

A

these raw material supplied home industries and meant that manufactured goods could be sold for profit

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9
Q

Examples of Britain investing heavily into colonies and their infrastructure ?

A
  • railways in India and the Ugandan railway
    Aswan Dam
  • improved infrastructure in many countries
    investing in irrigation schemes and land improvements
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10
Q

Impact of the British obtaining these raw materials from the empire ?

A
  • consistent supply
  • cheap and with no competition
  • influx of materials was stable and consistent, preventing any economic crashes
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11
Q

Cost of running the Empire ?

A

Many parts of the Empire e.g. the White Dominions and India were self - financing, being run by taxation

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12
Q

Who benefitted massively from the trade with empire ( transport ) ?

A
  • Trading companies benefitted massively due to trade with colonies as they transported goods and materials
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13
Q

Why did transport companies gain ?

A
  • ocean steamships were the main carriers of goods and people across the empire
  • orders from British ship builders expanded
  • railway also gained huge profit from the growth of the empire
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14
Q

What was the Empire provide Britain with which was extremely helpful and beneficial due to their industrial productivity ?

A

colonies provided a secure sales markets.

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14
Q

Evidence of trade being beneficial with Empire ?

A
  • relationship between export and import moved abut 10% in Britains favour between 1870- 1914
  • As Empire grew British exports increased to empire from 21% to 37.2%. India alone took 20% of British imports
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15
Q

Impact of tropical; trade ?

A

Tropical trade was more lucrative as products were not available in Britain. Thus more profits

16
Q

Trade with the British Empire was also important as they provided what type of products

A

tropical products like, sugar, coffee, cocoa, palm oil,

17
Q

Was trade with Empire the main source of trade ?

A

Empire was not the main source of Britain’s trade.

18
Q

Evidence that trade with empire for Britain was not that important ?

A
  • Imperial Federation League which was established to promote closer colonial ties was disbanded.
  • Only 24.9 % of British imports came from colonies and 37.2 % went to colonies.
19
Q

Imperial Federation League impact of being disbanded ?

A
  • Showed that Britain’s commercial importance to the colonies was undermined/ not that significant
20
Q

Who did Britain trade with instead of the empire ?

A
  • Instead of reliance on empire, Britain’s trade with the non imperial world - particularly the USA
21
Q

Evidence of Britain’s trade outside the non imperial world/ with the informal empire ?

A

Empire total trade in 1896 was £896 million, but trade between the countries of the empire was only £ 183 million. Economic benefits from Empire weren’t that significant

22
Q

Did Trade with the British Empire make the country wealthy ?

A
  • Most of the country dud not gain from the economic and trade benefits
23
Q

Impact of trade with Empire for British public ?

A
  • middle classes were facing an increased tax burden because of the maintenance and defence of the empire as well as the costs of the Boer War.
  • Poverty in early 20th century
24
Q

Studies done about poverty in 20th century ?

A

2 studies done in the late 19th century by Seebohm RowntreE AND James Booth showed considerable poverty in parts of Britain.