Trade Essay Plans - add more Flashcards
How far can the repeal of the Navigation Acts in 1849 be regarded as a turning point in the changing pattern of trade in the years 1763 to 1914?
P1 - Repeal of Navigation Acts (1849) - Not TP = followed trend of deregulation, British trade continued to dominate the seas.
P2 - End of Slave Trade (1807) - Not TP = Continued trade with Brazil / Argentina (slave states)
P3 - Opening of Suez Canal (1869) - Not TP = Accelerated changing pattern of trade, significance due to steam development (industrial Rev)
Argument = None of these were the turning point, the gradual underlying industrial revolution had meant that it was in British interests to change their pattern of trade.
How far do you agree that the purchase of the Suez Canal shares provided the most significant stimulus to British trade in the years 1763–1914?
P1 - Purchase of Suez Shares (1874) - However = required steamships (ind. rev) due to no wind + opening of suez more important.
P2 - End of Slave trade (1807) - However = Britain’s pattern of trade only really spread beyond NA due to ind. rev. - ie. steam trade with Asia
P3 - Underlying Industrial Revolution = Most significant stimulus.
How far do you agree that the acquisitions of Singapore (1819) and Hong Kong (1842) made the most significant contribution to the development of British commercial interests in the years 1763–1890?
P1 - Singapore (1819) + HK (1842) - However = Needed superior tech (ind. rev) in order to carry out gunboat diplomacy.
P2 - Trade with the Americas - However = British trade expanded beyond just the Americas, eg. India + China and protectionism was introduced in late 1800s.
P3 - Industrial Revolution = Most significant as it faciliated the expansion of trade, ie. speed / range / gunboat diploacy / efficiency.
How far was the adoption of free trade in 1842-46 the key factor in the growth of British global trade in the years 1763-1914?
P1 - Free trade (1842-46) - However = Slow process / In order to conduct free trade, suez / ind. rev were needed.
P2 - Acq. of Entrepots - However = The true success of the entrepots was only felt following the use of steamships / suez canal.
P3 - Industrial Revolution = Key factor
How significant was the development of trade in the Far East in the expansion of British trade in the years 1763–1890?
P1 - Trade w East = Largely Sig. -> Greatly limited until the opening of the Suez (2% steam trade before Suez)
P2 - American Revolution = Somewhat Sig -> Protectionism due to growing manufacturing sector lste 1800s + American Civil war (cotton from Egypt)
P3 - Opening of the Suez Canal (1869) = Very Significant
