Economic Expansion: Cain & Hopkins

Question 1

What was there theory?

Answer 1

Financial and service sectors, focused on Britain’s financial centre, the city of London and South East, exploited their links with political leaders at the time when finance and services were expanding

Question 2

What were gentlemanly Capitalists?

Answer 2

Social group consisting of wealth families linked to trade and landed interests

Question 3

Give an example of a prominent family?

Answer 3

Rothschild family

Question 4

Why did they need the government?

Answer 4

Protect interests

Question 5

Between 1880 and 1914, where was 3/4 of British overseas investment placed?

Answer 5

USA
Canada
Latin America

Question 6

Between what years were 3/4 of imperial investment placed in the USA, Canada and Latin America

Answer 6

1880-1914

Question 7

Between 1880-1914, what fraction of British overseas investment went to the USA, Canada and Latin America?

Answer 7

3/4

Question 8

Where did 25% of oversea investment go during 1880-1914?

Answer 8

Empire

Question 9

During what years did 25% of oversea investment go to the empire?

Answer 9

1880-1914

Question 10

During 1880-1914, how much investment was the empire receiving?

Answer 10

25%

Question 11

Between 1887-1913, how much investment was Africa receiving?

Answer 11

6%

Question 12

What area was receiving 6% investment during 1887-1913?

Answer 12

Africa

Question 13

Between 1887-1913, how much investment was India receiving?

Answer 13

10%

Question 14

What area was receiving 10% investment during 1887-1913?

Answer 14

India

Question 15

What area was receiving 22% investment during 1887-1913?

Answer 15

Dominions

Question 16

Between 1887-1913, how much investment was the dominions receiving?

Answer 16

22%

Question 17

What is the impact of Africa, India and the dominions receiving such little investment?

Answer 17

Showed that there was a weak relationship between investors and empire expansion

Question 18

What was the impact of the 1882 revolts in Egypt?

Answer 18

Caused concerns for investors so British had to put in place direct rule (strategic and political)

Question 19

Criticisms:

Answer 19

Mono causal (only focusing on one aspect even though events were usually a culmination of a complex interplay between a number of factors)
Undermines the importance of the periphery and focuses too much on the elite based London 
Ignore industrialists