Economic, political, and cultural important of India to Britain Flashcards
What was good manufacturing for Britain?
Iron, cotton, steel, engineering products, chemicals
What did India provide Britain?
Jute, cotton, rice, tea, oil-seed, wheat, and hides
How were goods transported? (Sea)
Suez Canal in 1868 (Mediterranean sea and Red sea)
How did imported goods become more expensive?
Tariffs
Who else used tariffs?
Australia and the USA
What flooded the Indian market?
Lancashire cotton cloth removal
When were tariffs removed?
1917
How much did India receive of overseas British investment?
1/10 = 360 million
What was the money used for?
Half was used as government loans
What jobs did India provide for the British?
Forestry, education, medicine, and engineering