trade and commerce 1857-1890 Flashcards
between 1886 and 1890 what was differnt aout the outflow of money?
it was greater than the investments at home about 40% british investments between 1857-1890 went to imperial territoties
how much investment did india receive up to 1890?
20%
what did britian do that aided communication, where did it reach to? and waht did they do in canada in the 1870s?
laid telegraph network across most of the world which even reached india, transatlantic cables laid in canada
what types of services did britain provide colonies?
banking and investments
what did britains intoduction of free trade in 1846 increase?
imports and exports
how much of the world textiles and metals did britain produce?
half
what large project in canada did britain invest in?
in 1867 saw the construction of the walland canal to overcome height differnces which aided in the transportation of goods
what did britain telegraph developments help to do? an example?
improve communication and spped up trade. for example the transatlantic cables in canada in the 1870s and in india in the 1880s
what material was britain able to produce at low cost which no other country could?and what did this provide?
iron, a modernised engineering industry which could produce the resources to contruct rarilways
what did britain influence in native industry do? an example?
caused there to be limited development in industry , like in india were britain deliberately suppressed the indegenous cotton industry to promote britian’s textile industry
who were the profit from the gold mines from 1886 and the diamond mines from 1867 of the transvaal and orange free state kept with?
the whites while the bantu’s were used for manuel labour
whos interest did the charted companies set up in the 1880s act in favour of?
the interest of the british and not the indigenous people
what did the opium war of 1859 do to china?
forced them to open up their trade ports and lead to british gain of hong kong
whos goods did colonies become dependant on?example?
british goods, 40% of the total british textile production went to india
who did the real profit stay with?
the british traders