Economic Expansion: Cain & Hopkins Flashcards
What was there theory?
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
What were gentlemanly Capitalists?
Social group consisting of wealth families linked to trade and landed interests
Give an example of a prominent family?
Rothschild family
Why did they need the government?
Protect interests
Between 1880 and 1914, where was 3/4 of British overseas investment placed?
USA
Canada
Latin America
Between what years were 3/4 of imperial investment placed in the USA, Canada and Latin America
1880-1914
Between 1880-1914, what fraction of British overseas investment went to the USA, Canada and Latin America?
3/4
Where did 25% of oversea investment go during 1880-1914?
Empire
During what years did 25% of oversea investment go to the empire?
1880-1914
During 1880-1914, how much investment was the empire receiving?
25%
Between 1887-1913, how much investment was Africa receiving?
6%
What area was receiving 6% investment during 1887-1913?
Africa
Between 1887-1913, how much investment was India receiving?
10%
What area was receiving 10% investment during 1887-1913?
India
What area was receiving 22% investment during 1887-1913?
Dominions
Between 1887-1913, how much investment was the dominions receiving?
22%
What is the impact of Africa, India and the dominions receiving such little investment?
Showed that there was a weak relationship between investors and empire expansion
What was the impact of the 1882 revolts in Egypt?
Caused concerns for investors so British had to put in place direct rule (strategic and political)
Criticisms:
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
