trade and commerce Flashcards
who does britan have a trade surplus with by 1914
its empire
but not outside it
what fraction of imports are coming from the empire
1/4
what was the perception of trade in 1890
it made brittan wealthy and it will in the future
what colonies did britan have lots of trade with
india 20% of british exports
canada 10% of british beef from canada
when was the imperial federation league established and disbanded
est 1884
dis 1893
what percentage of foodstuffs came from outside the empire
90%
what percentage of british exports did the whole of tropical africa take
1.7%
what were the problems of trade for the middle class
cost them more than they gained
in what way was brittan falling behind in technogical advances
germany and france created their own synthetic rubber whilst brittan was still trading for it
what was depressing wages in brittan
cheap foreign wages
what were the problems with the navy
it was hard to maintain due to it’s size
wht was a large investment in the empire
invisible trade
what country’s didnt use the british gold standard
china
persia
some central american nations
between when did british overseas investment double and by how much
1900-13
£2-£4 bill
how much more did britan invest than france and germany
2x franve
3x germany
what did investments help britan maintain
it’s informal empire
what was the total worth of the empires trade
£745 mill
how much were exports to india worth by 1914
£150 mill
what did joseph chamberlain convene
1902 london colonial conference
for britan and the dominion leaders
what did joseph chamberlain propose in the colonial conference
forming an imperial custom union
what would the proposed imperial customs union do
boost imperial trade through mutual customs agreements
lower or no tariffs inside the empire
why did chamberlain propose the imperial customs union
he believed it would be strategically reliable in times of emergency
what were chamberlain’s views
imperial preference
colony’s and commerce had potential for productivity and growth
who disagreed with chamberlains views
manufacturing, shipping and banking industries
their intrests were with free trade
