trade Flashcards
(33 cards)
what were the reasons for british involvment in the slave trade?
it was more profitable for them to trade humans for things, made things cheaper
why did the slave trade end?
to make the french look worse, plantations were becoming less profitable and they needed less slaves
how did the british decision to abolish the slave trade change the pattern of british trade?
they moved from mercantilism towards free trade, some decline in the ports of bristol, glasgow and liverpool
who were the sons of africa?
a late 18th century group in britain that campagined to end african slavery. has been called britains first black political organisation
what is protectionism?
the theory or practise of sheilding a countrys domestic industries from foreign competition by taxing imports
what is geoploitics?
the study of the effects of the earths geography on political and international relations
the slave trade act (1807)
an act for the abolition of the slave trade, it prohibited slave trade in the british empire
slavery abolition act (1833)
act of uk parliament which allowed the gradual abolition of slavery in most parts of the empire
what were adam smiths ideas and what influence did they have?
division of labour, invisible hand theory. Believed that the government should let the british have more free trade and there should be an economic cycle based on self interest (spend money that they earn), less state intervention. his ideas are still used today
who supported the corn laws?
farmers and landowners
who opposed the corn laws?
city housewives and working class men
what impact did the repeal of the navigation acts?
it was followed by a period of unrivalled trade and prosperity; trade grew by 10 times. by 1913 britain amde up 25% of the worlds imports and british exports boomed. britains trade with the empire became less dominant. other countries were also encouraged to reduce restrictions. reduced smuggling and hostillity
what is urbanisation?
the population shifts from rural to urban areas
what are the corn laws?
tarriffs and other trade restrictions on imported foods enforced between 1815 and 1846
great reform act (1832)
introduced major changes to the electorial system of england and wales
merchants petition (1820)
against alterations of duties e.g timber
what was the significance of signapore being an entrepot?
It brought a massive improvement to trade between China and Britain . Singapore had no taxes or tariffs and became a model for later British ports . it established britain as the dominant commercial power in the east indies
how and why did the british acquire hong kong?
it gave direct access to the chinese under the treaty of nanking at the end of its first war with china
what was the significance of the opening of shanghai?
it is situated at the mouth of chinas largets river. the yangtze, over 1000 miles for ships. it opened up the interior of china
how did the accusition of singapore and hong kong change british trade?
it meant that they could acces more of china and asia, as they were no longer restricted to their singualr trade base in china like they had been previously
geoploitical definition?
relating to politics, especially international relations, as influenced by geographical factors
what is the meaning of entrepot?
a port, city or other centre to which goods are brought for import and export, and for collection and distribution
what are the straights of malacca?
a narrow stretch of water, 500 miles long and from 40 to 155 miles wide, connects the andaman sea and the south china sea
what is gunboat diplomacy?
the pursuit of foreign policy objectives with the aid of conspicuous displays of naval power, implying or consulting a direct threat of war if they do not agree to terms
