Reasons for, and nature of, the changing patterns of trade, 1763-1914: Flashcards
What was Britain’s government debt as a percentage of its GDP in 1763 and 1821?
1763= 157% and 1821=260%
The slave ship called ‘Lottery’ set sail from Liverpool in 1798. How much did it cost to outfit the ship?
£2,307
The slave ship called ‘Lottery’ set sail from Liverpool in 1798. How much was it carrying in trade goods for Africa?
£8,326
The slave ship called ‘Lottery’ set sail from Liverpool in 1798. How much was made as a result of the selling of 453 slaves?
£22,726 (£50 per head)
What were the three main ports for slave traders in Britain?
Bristol, Glasgow and Liverpool
By the 1790s, how many slave ships were sailing from Liverpool per year?
120-130
In 1766, the Gentleman’s Magazine claimed how many members of parliament were planters or had business interest in plantations?
‘Upwards of 40’
Who chaired the Society of West Indian Merchants who was also the Governor of the Bank of England between 1783 and 1785?
Sir Richard Neave
How many slaves worked on the Church of England plantations in Barbados?
400
When was the first abolitionist movement in Britain setup?
1783 by Quakers
When did William Wilberforce join the abolitionist movement?
1787
When did the parliamentary campaign for abolition begin?
1789
When was the French revolution and when was France declared a republic?
Revolution began in 1789 and declared a republic in 1792
When did Napoleon seize power of France leading to the rejuvenation of the slave trade by French plantations?
1804
When was the bill that abolished the slave trade passed by the House of Commons yet defeated in the House of Lords?
1804
When was the Foreign Slave Trade Bill introduced?
1806
When was the Slave Trade Act?
1807
What percentage of the income for Bristol’s population came from the Slave Trade in 1780s?
40%
In the 18th century, what proportion of slave ships would lose profit?
1 in 10
In 1778, how much did merchants in Liverpool lose through the Slave Trade?
£700,000
How many slaves were later emancipated by 1834 and how much did it cost?
700,000 slaves and cost £20 million (40% of Government expenditure)
From which country did the economic theory of mercantilism originate?
Spain
When did Adam Smith publish ‘An Inquiry into the Nature and Causes of the Wealth of Nations’?
1776
In 1750, what was the second most prosperous city in the British Empire?
Dublin
What was the value of imports from Ireland in 1750 and 1790?
1750= £1.5 million and 1790= £3.8 million
What was the value of exports from Ireland in 1750 and 1790?
1750= £1.9 million and 1790= £4.9 million
In which year did the British Government consult Adam Smith in regards to the future of Irish demands for free trade?
1779
When did the British Government remove trade restrictions on Ireland?
1779
What piece of policy passed by the British government characterised protectionist interests in Britain after the war with France ended in 1815?
Corn laws
When was the Representation of the People Act passed?
1832
When was the Anti-Corn Law League founded?
1838
When did Robert Peel become Prime Minister?
1841
Between 1842 and 1846, how many import tariffs were removed?
1,200 tariffs
Between which years were the Navigation Acts passed?
1651 and 1673
What did the Navigation Acts do?
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
What was ‘salutary neglect’?
The ‘light-touch’ approach of tax collection
When was the Seven Years’ War?
1756 – 1763
Which two major protectionist laws remained in the budget of 1842?
Sugar duties and the Corn Laws
Which countries were a threat to British trade of Sugar due to the abolition of slave ownership in 1833?
Brazil and Cuba
When did Peel abolish the sugar duties and Corn Laws?
Importation Act of 1846
How many people died and emigrated as a result of the Irish potato famine?
1 million died and 1 million emigrated
When were the Navigation Acts repealed?
1849
When was the Sugar Act passed that put duties on non-British Caribbean colonies?
1764
When was Mutiny Act passed that allowed British troops to be stationed in each of the British Colonies in America?
1765
When was the Stamp act that put a tax on the purchase of stamps that must be put on almost all formal documents?
1765
