Trade and Commerce - 1890

Question 1

what form of trade was opted for in the second half of the 19th c. by the British Empire?

Answer 1

free trade was brought in rather than the regulated mercantilism.

Question 2

what book influenced British free trade?

Answer 2

Adam Smith’s ‘the wealth of nations’

Question 3

how did Britain enforce free trade?

Answer 3

• ## British Navy enforced British terms of trade

Question 4

what was the impact of free trade on the empire

Answer 4

• under free trade imperial investment grew exponentially
• in the 3rd quarter of the 19th C 20% of British imports, whilst the empire provided a market for British exports to be traded
• London became the Financial capital of the world

Question 5

what made Britain the worlds foremost trading nation and the worlds most industrially advanced nation?

Answer 5

• Britain’s factories were producing heavy iron goods and textiles, such as railway stock and clothing

Question 6

what was the impact of. Britain’s urbanisation

Answer 6

• Britain increased it’s reliance on imports from overseas
• Britain was the world’s largest consumer market for foods and raw materials

Question 7

How did the British ensure they had an aliquot infrastructure of trade

Answer 7

• ## vast capital advanced technology

Question 8

how did the British;make trade more efficient

Answer 8

• ever advancing cargo ships being built that were faster and could carry more
• bigger ports built
• ## wherever the British went thy would implement railway systems that made trade faster

Question 9

what model of ship was initially used of r transporting goods and what type of goods did they hold?

Answer 9

• clippers
• low volume, high cost such as tea and opium

Question 10

what form of ship made trading more efficient and how?

Answer 10

• compound steam ships
• used fewer coal and was able to travel faster, England to W. Africa in under 3 weeks

Question 11

how was trade further improved in the 1870s

Answer 11

• the Suez Canal made trading quicker
• development of the triple expansion steam engine

Question 12

What impact did railways have on trade

Answer 12

• was the largest single investment
• opened up trade more in self-governing colonies such as Canada and Australia
• allowed for materials like cotton and rice to reach ports and be traded easier

Question 13

What were the products of trade from Australia

Answer 13

some prosucts that you could get from Britain but were cheaper in price

Question 14

What were the products of trade form tropical colonies

Answer 14

tropical products that were not available in in Britain such as sugar, cocoa, and palm oil

Question 15

what prompted action in S. Africa

Answer 15

• the discovery of gold prompted a massive goldfish in s. Africa
• British workers migrated for the opportunity to work in the mines of S. Africa

Question 16

in what year was gold deposits discovered in s. Africa