Overview - Economic Flashcards
The slave trade and the New World
The slave trade led to millions of people moving from Africa to the New World to work on plantations
Profits from the slave trade
The profits flowed throughout the economy of Britain and provided work for thousands of people
Control of the EIC
The EIC expanded to control all of India due to their business success and royal monopoly
Irish migrants and the potato famine
Harvests failed so there was a potato famine which forced people to move to Britain
Viking raids
Vikings raided and settled in Britain due to its wealth and farming potential
Indians to Britain
Indians moved to Britain to find a better life after WWI and WWII
Britain and Eastern Europe
Migrants from Eastern Europe especially Poland, came to Britain for work after 2004
EU and economies
EU formed to benefit the economies of the European countries so people were free to move around and find work
British leaving Britain
British people left to make a fortune in the Empire
Eg. Caribbean sugar planters, Nabobs to India
Windrush
Caribbean migrants came to Britain to work rebuilding after WWII or in the NHS
Debt
Burden of dept from WWI and WWII
Harder for Britain to defend their empire and strengthened reliance on the US instead of the Empire
Eg. For trade
Jewish migration
Brought skilled workers to Britain who helped build successful businesses which still exist
Eg. Topshop
Huguenots
Contributed to British economy as they brought skills in weaving etc.
Richard I
Spent huge sums of money fighting crusades which led to his brother John to lose much of the Angevin Empire
Trade with India
Led Britain to purchase controlling stakes in the Suez Canal
