Trade And Commerce Flashcards
Chapter 1: imports and exports from Empire
20% import
33% export
Imperial Federation League created
1884
Imperial Federation League disbanded
1893
Suez Canal opened
1869
Disraeli bought Pasha’s 44% share of Suez Canal
1875
Colonial Conference 1887
Discussed the issue of whether there should be some special trading preference between colonies - creating a ‘free trade empire’
Turned down by Britain
Colonies imposing tariffs against imported manufactures (including from Britain) [Chapter 1]
Canada in 1859
Australia in the 1860s
Development of the triple expansion steam engine
1870s
By the 1870s up the Niger
Several British companies were sending steam-trading vessels
Where canals were built during Chapter 1
India: new canals developed on a huge scale after 1857
Canada: after 1867 canals were deepened, Welland Canal built
Egypt: Suez Canal opened in 1869
Discovery of diamonds in Southern Africa
1867
Discovery of gold in Southern Africa
1886
Goods produced by tropical colonies
Sugar, coffee, cocoa, groundnuts, copra, palm oil
Most renowned Indian crop
Tea
Formation of the Kimberley Diamond Syndicate
1890
The Long Depression
c1873 - c1896
North Borneo Trading Company received a charter
1881
Royal Niger Company received a charter
1886
The Imperial British East Africa Company received a charter
1888
The British South Africa Company received a charter
1889
South Africa’s diamond mines in relation to global production
They were 90% of global diamond production and owned by Cecil Rhodes
Traders (Chapter 1)
Cecil Rhodes
William Mackinnon
George Goldie
Goldie persuaded all the British trading firms on the Niger river to join forces with his family firm to create a single company, the United African Company
1879
Controlled 30 trading posts
Worth of India by 1914
Represented a large market
20% of Britain’s total exports
Worth almost £150 million to businesses