trade and commerce Flashcards
until the 1960s what was central to br international trading position
the empire and commonwealth
why was the empire and the commonwealth so central to be international trading
because br foreign exchange reserves were too low to import from elsewhere
give an example of heavy br investment in empire
58% of uk overseas investments were in empire companies and govs
what was there a shift in between 1947-67 in trade
the importance of empire as a supplier of british imports
what was the point of transition in trade
late 50s into early 60s
after the shift in br trade where does the focus go
europe
give an example of br focus on europe
br imports from w europe between 48-65 go from 20-30% of global imports
what does the shift in br trade focus hilight
a shift in priorities and a move away from the empire
give a reason for why be shifted focus to europe
a growth in european markets thanks to us aid
why did w europe recover from ww2 economically so quickly
us marshall aid
political climate favoured enterprise
what was the EFTA
European free trade association
why was the EFTA created
as a rival trading block to the EEC
when did br apply for the EEC and what happened
1963 1967
they were rejected
why did br apply to the EEC
Exports to europe outstripped the ones in the empire in the 60s
when does be join the EEC
1973
between 1946-56 who is arguably the most important to be economics - proof
asia
value of exports grew by £624mill
give reasons for the impressive growth in asia
post war reconstruction
malay rubber investment
in what ways did br try to earn dollars and build up forign exchange reserves
rationing
prioritising br industrial production
developing productive and export capablities in the colonies
when were the colonial development and welfare acts
1940
1945
what did the colonial development and welfare acts do
used to expand agricultral production and premote new technology in the colonies
when was the colonial development cooperation est
1948
what did the colonial development cooperation do
coordnate major projects and develop self sustaning agriculture industry and trade
give an example of an unsucsessfull policy for trying to boost economey in empire
tanganyika ground nut sceme
give an example of a sucsessfull policy in boosting the economey in empire
malay rubber
