Trade & Economy Flashcards
What was the general assumption about trade with Empire in 1890?
It made Britain wealthy & that more Empire would make B wealthier still.
What was the problem with British trade & investement?
Disproportionate amount of trade & investment in its own colonies.
What % of Britain’s total exports did India take?
20%
What % of Britain’s total exports did India take?
20%
How much was India worth to businesses by 1914?
£150 million
India’s main exported goods (exported to Britain)
raw cotton & tea. Consumed in Britain & passed on to other countries
Give examples of other territories that worked in a similar way.
S Africa & Australia:
- Wool & sugar
New Zealand:
- Dairy produce & lamb
Canada:
- Beef & wheat
- + 10% B’s beef (by 1914)
- 15% B’s wheat flour (by 1914)
West Africa:
- B imported timber, cocoa, rubber, peanuts & palm oil
What happened in Canada from 1900 - 1914?
six-fold inc in Canadian land reserved for wheat production
Were the benefits of trade with Empire more or less significant than is often imagined?
less
What was the Imperial Federation League?
Founded 1884, disbanded 1893
Promoted closer colonial ties
What did the disbanding of the Imperial Federation League in 1884 reflect?
Waning interest in Empire’s commercial importance
Which country became particularly important in terms of trade with Britain in the 1890s?
The USA
How much wheat was imported from the USA and Russia in 1894 compared to from Canada?
USA - 30.7 million hundredweight
Russia - 17.2 million
Canada - 3.6 million
Which foodstuffs came primarily from Empire?
Cheese, Apples, Potatoes & Fresh Mutton
What % of food did Empire provide?
Less than 10%
