trade and commerce Flashcards

1
Q

who does britan have a trade surplus with by 1914

A

its empire
but not outside it

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2
Q

what fraction of imports are coming from the empire

A

1/4

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3
Q

what was the perception of trade in 1890

A

it made brittan wealthy and it will in the future

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4
Q

what colonies did britan have lots of trade with

A

india 20% of british exports
canada 10% of british beef from canada

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5
Q

when was the imperial federation league established and disbanded

A

est 1884
dis 1893

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6
Q

what percentage of foodstuffs came from outside the empire

A

90%

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7
Q

what percentage of british exports did the whole of tropical africa take

A

1.7%

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8
Q

what were the problems of trade for the middle class

A

cost them more than they gained

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9
Q

in what way was brittan falling behind in technogical advances

A

germany and france created their own synthetic rubber whilst brittan was still trading for it

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10
Q

what was depressing wages in brittan

A

cheap foreign wages

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11
Q

what were the problems with the navy

A

it was hard to maintain due to it’s size

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12
Q

wht was a large investment in the empire

A

invisible trade

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13
Q

what country’s didnt use the british gold standard

A

china
persia
some central american nations

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14
Q

between when did british overseas investment double and by how much

A

1900-13
£2-£4 bill

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15
Q

how much more did britan invest than france and germany

A

2x franve
3x germany

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16
Q

what did investments help britan maintain

A

it’s informal empire

17
Q

what was the total worth of the empires trade

A

£745 mill

18
Q

how much were exports to india worth by 1914

A

£150 mill

19
Q

what did joseph chamberlain convene

A

the 1902 london colonial conference for britan and the dominion leaders

20
Q

what did joseph chamberlain propose in the colonial conference

A

forming an imperial custom union

21
Q

what would the proposed imperial customs union do

A

boost imperial trade through mutual customs agreements
lower or no tariffs inside the empire

22
Q

why did chamberlain propose the imperial customs union

A

he believed it would be strategically reliable in times of emergency

23
Q

what were chamberlain’s views

A

imperial preference
colony’s and commerce had potential for productivity and growth

24
Q

who disagreed with chamberlains views

A

manufacturing, shipping and banking industries
their intrests were with free trade

25
Q

how did the trading relationship with the empire change

A

from mercantilism and trade within the empire
to free trade and trade outside the empire

26
Q

what was significant about the 1906 election

A

it was the death knell of imperial preference

27
Q

what country in the empire had made trading agreements with germany france italy and japan

A

australia
new zealand
japan

28
Q

what movement increasingly sought to destabilise the economic basis of the raj

A

the swadeshi movement