Informal Empire Flashcards

1
Q

What was the purpose of informal empire?

A

Purely establish economic influence at a low cost

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2
Q

What was the advantage of informal imperialism?

A

No direct costs to Britain in terms of establishing control over territory and maintaining control

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3
Q

What was imperialism of free trade?

A

Informal empire based on the principles of free trade. This was favoured over formal imperial control (often enforced through gunboat diplomacy)

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4
Q

What percentage of British exports went to Latin America by 1865?

A

10%

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5
Q

By what year were 10% of British exports going to Latin America?

A

1865

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6
Q

In 1865, where did 10% of British exports go?

A

Latin America

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7
Q

What did the British financier, Charles Morrison acquire in 1881?

A

Bank of River Plate

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8
Q

Who acquired the Bank of River Plate in 1881?

A

British financier, Charles Morrison

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9
Q

When had the British financier, Charles Morrison, acquired the Bank of River Plate?

A

1881

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10
Q

What did the British invest in?

A

Argentina’s utilities

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11
Q

What did the US consul in Bueno Aires say about the British?

A

‘They (The British) are ‘in’ everything except politics, as intimately as though they were the British colonies’

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12
Q

Who said ‘They (The British) are ‘in’ everything except politics, as intimately as though they were the British colonies’?

A

US consul in Bueno Aires

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13
Q

What did British traders do to the government?

A

Influence on the national government to increase British influence

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14
Q

What were the advantages of informal empires?

A

Access to raw materials

Establish economic influence

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15
Q

Who did the British have good relations with in Africa?

A

Local tribal leaders

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16
Q

Why did the British establish good relations with the African tribal leader?

A

Purely economic purposes

17
Q

Why did the British promote free trade?

A

For informal imperialism could flourish as they would have no barriers, no need to conquer territory in order to exploit economic advantages

18
Q

What did free trade end?

A

Monopoly British traders who had a hold over the colonial markets

19
Q

What had the British empire recently been based upon?

A

Mercantilism

20
Q

What is mercantilism?

A

Economic self-sufficiency

21
Q

What happened in 1861?

A

Britain put naval pressure on Mexico to maintain trade

22
Q

When had Britain put naval pressure on Mexico to maintain trade?

A

1861