Trade and Commerce 1890-1914 Flashcards
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What percent of Britain’s exports did India take?
Took 20%
What were the main products exported by Africa?
Mostly timber and rubber.
What was investment like within the Empire?
Due to the structure of the Empire, any investment within it was considered a safe and reliable investment however wasn’t as rewarding as investment outside Empire.
What was trade outside Empire like?
Informal Empire had greater trade. It also offered the opportunity to charge invisible on informal exports.
What are some stats that demonstrate the difference between trade inside and outside Empire?
Imported over 30 million hundredweight of wheat from USA but only 3 million from Canada.
How did the public demonstrate a preference for an informal Empire?
Didn’t vote for Chamberlain who ran on a platform of tariff reform. Had to form the tariff reform league and set up imperial preference to try and encourage trade within the Empire.
What did Chamberlain do to encourage greater imperialism?
Headed the Colonial Conferences but failed to federalise the Dominions. Set up many schemes in Africa such as the Ugandan Railway and Aswan dam.