trade and commerce Flashcards
how were the majority of the colonies products delt with
sent to britan
protectionist system
what book published theories of free trade
wealth of nations
adam smith
what system was there before free trade
one of economic orthodoxy
backed by bollion
trade surplus
and importing materials and exporting products
what are examples of brittan acting as the foremost trading nation
factories produce (iron and textile) good for a global market
urbanisation increased imports
largest consumer of food and raw materials
what areas of the world did britan trade with
west indies
Malayan
africa
australia
canada
india ect
how was british trade supported
government
free trade agreement
threats and coercion
what an example of britan using threats and coercion
navy during opium wars
what was britain’s limited application of force known as
imperialism of free trade
why would colonies trade with britain
loyalty
ease
common language, currency and system of commercial law
borrowing from british banks was cheaper
what was the wider impact of trade
growth in imperial trade and investment - industrial empire
growth in london/britan both financially and technologically
what percentage of british imports were from colonies
20%
when were the navigation acts passed
1660
name one law in the navigation acts
all goods must be shipped in british boats
why was britan concerned about trading with other european powers
they believed it was strengthening the enemy
what’s a chartered company
a company given the legal right to rule
a trade monopoly over a region
