Economic Development Flashcards
During British rule, what was the increase in Indian GDP per capita?
14%
Who experienced an increase in GDP per capita of 14% during British rule?
Indians
What does free trade mean?
Indian economies exposed to significant European competition
What meant that the Indian economies exposed to significant European competition?
Free trade
What happened between 1820s and 1920s?
6 million Indian workers provided labour in a variety of Caribbean, African, Indian Ocean and Pacific colonies, ranging from rubber plantations to Malaya sugar mills of Fiji
What were the conditions like for the 6 million Indians who travelled to a variety of Caribbean, African, Indian Ocean and Pacific colonies during 1820-1920?
Little better than slaves
What had the British replaced food crops with?
Cash crops (E.g. Jute, Cotton, tea and oil seeds), which they needed for their home industries
How much debt had the khedive Isma’il acquired?
£70 million - mostly to European bond holders
Who acquired a debt of £70 million, mostly to European bond holders?
khedive Isma’il
How did Baring try to sort out the debt of £70 million acquired by khedive Isma’il?
Cutbacks on the military and Bureaucracy
Improved communications and irrigation schemes
Who carried out the irrigation systems in Egypt under Baring?
British engineers, some who had worked in India
Within 10 years, what happened to the exports of sugar and cotton in Egypt because of Baring?
Trebled
What caused the exports of sugar and cotton in Egypt to treble?
Baring policies that promoted economic prosperity
What happened to the population in the space of 10 years because of Baring?
From seven to ten million
Where had Thomas cook ventured during the 1880s?
Egypt
