Trade and Commerce 1867-90 Flashcards
Infrastructure of Trade
Profit was the main goal of the Empire - the empire made Britain the worlds foremost trading nation where it provided so many goods such as spices, gold diamonds, tea sugar and cocoa.
This was all done through railways, canals/rivers and ports
Mercantilism and Protectionist
Controlled and regulated system that dominated the 18th century where colonies were expected to send all produce to Britain
Imperialism of Free Trade
Enforced free trade agreements with countries dominated the 19th century and made Britain the worlds foremost trading nation.
20% of British imports came from its colonies whilst the Empire provided a market for a third of British exports and used its colonies to provide for its workforce
2 types of shipping
Clipper boats were smaller faster boats used to transport spices, luxuries, mail and people
Steam ships travelled the world with bulkier produce and by the 1850s the time they took to travel to Africa had been cut down to 3 weeks
Railways
Building railways ensured British control so they provided engineers and rolling stocks so the colonies depended on Britain.
Provided vital links from the rural areas of production and the sea
Canals/rivers
Facilitated trade. Allowed explorers to discover what lay behind costal areas. Some rivers and canals were deepened/ straightened to allow boats to come through