Reasons for, and nature of, the changing patterns of trade, 1763-1914: Flashcards

1
Q

What was Britain’s government debt as a percentage of its GDP in 1763 and 1821?

A

1763= 157% and 1821=260%

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2
Q

The slave ship called ‘Lottery’ set sail from Liverpool in 1798. How much did it cost to outfit the ship?

A

£2,307

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3
Q

The slave ship called ‘Lottery’ set sail from Liverpool in 1798. How much was it carrying in trade goods for Africa?

A

£8,326

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4
Q

The slave ship called ‘Lottery’ set sail from Liverpool in 1798. How much was made as a result of the selling of 453 slaves?

A

£22,726 (£50 per head)

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5
Q

What were the three main ports for slave traders in Britain?

A

Bristol, Glasgow and Liverpool

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6
Q

By the 1790s, how many slave ships were sailing from Liverpool per year?

A

120-130

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7
Q

In 1766, the Gentleman’s Magazine claimed how many members of parliament were planters or had business interest in plantations?

A

‘Upwards of 40’

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8
Q

Who chaired the Society of West Indian Merchants who was also the Governor of the Bank of England between 1783 and 1785?

A

Sir Richard Neave

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9
Q

How many slaves worked on the Church of England plantations in Barbados?

A

400

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10
Q

When was the first abolitionist movement in Britain setup?

A

1783 by Quakers

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11
Q

When did William Wilberforce join the abolitionist movement?

A

1787

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12
Q

When did the parliamentary campaign for abolition begin?

A

1789

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13
Q

When was the French revolution and when was France declared a republic?

A

Revolution began in 1789 and declared a republic in 1792

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14
Q

When did Napoleon seize power of France leading to the rejuvenation of the slave trade by French plantations?

A

1804

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15
Q

When was the bill that abolished the slave trade passed by the House of Commons yet defeated in the House of Lords?

A

1804

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16
Q

When was the Foreign Slave Trade Bill introduced?

A

1806

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17
Q

When was the Slave Trade Act?

A

1807

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18
Q

What percentage of the income for Bristol’s population came from the Slave Trade in 1780s?

A

40%

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19
Q

In the 18th century, what proportion of slave ships would lose profit?

A

1 in 10

20
Q

In 1778, how much did merchants in Liverpool lose through the Slave Trade?

A

£700,000

21
Q

How many slaves were later emancipated by 1834 and how much did it cost?

A

700,000 slaves and cost £20 million (40% of Government expenditure)

22
Q

From which country did the economic theory of mercantilism originate?

A

Spain

23
Q

When did Adam Smith publish ‘An Inquiry into the Nature and Causes of the Wealth of Nations’?

A

1776

24
Q

In 1750, what was the second most prosperous city in the British Empire?

A

Dublin

25
Q

What was the value of imports from Ireland in 1750 and 1790?

A

1750= £1.5 million and 1790= £3.8 million

26
Q

What was the value of exports from Ireland in 1750 and 1790?

A

1750= £1.9 million and 1790= £4.9 million

27
Q

In which year did the British Government consult Adam Smith in regards to the future of Irish demands for free trade?

A

1779

28
Q

When did the British Government remove trade restrictions on Ireland?

A

1779

29
Q

What piece of policy passed by the British government characterised protectionist interests in Britain after the war with France ended in 1815?

A

Corn laws

30
Q

When was the Representation of the People Act passed?

A

1832

31
Q

When was the Anti-Corn Law League founded?

A

1838

32
Q

When did Robert Peel become Prime Minister?

A

1841

33
Q

Between 1842 and 1846, how many import tariffs were removed?

A

1,200 tariffs

34
Q

Between which years were the Navigation Acts passed?

A

1651 and 1673

35
Q

What did the Navigation Acts do?

A

Colonial goods for exportation must be on British ships; certain goods had to go via a British port; European imports for British colonies had to stop in English port

36
Q

What was ‘salutary neglect’?

A

The ‘light-touch’ approach of tax collection

37
Q

When was the Seven Years’ War?

A

1756 – 1763

38
Q

Which two major protectionist laws remained in the budget of 1842?

A

Sugar duties and the Corn Laws

39
Q

Which countries were a threat to British trade of Sugar due to the abolition of slave ownership in 1833?

A

Brazil and Cuba

40
Q

When did Peel abolish the sugar duties and Corn Laws?

A

Importation Act of 1846

41
Q

How many people died and emigrated as a result of the Irish potato famine?

A

1 million died and 1 million emigrated

42
Q

When were the Navigation Acts repealed?

A

1849

43
Q

When was the Sugar Act passed that put duties on non-British Caribbean colonies?

A

1764

44
Q

When was Mutiny Act passed that allowed British troops to be stationed in each of the British Colonies in America?

A

1765

45
Q

When was the Stamp act that put a tax on the purchase of stamps that must be put on almost all formal documents?

A

1765