Trade

Question 1

Trade time periods

Answer 1

1763 - 1819 (end with Singapore)

1820-1868 (end before Suez)

1869 - 1914

Question 2

Corn Laws

Answer 2

restrictions and tariffs enacted in 1815 to protect domestic landowners and farmers from cheaper foreign grain imports after the Napoleonic Wars.

repealed 1986

Question 3

Effects of navigation acts and effect when repealed

Answer 3

Navigation acts
- Controlled ships, banned use of foreign ships

Navigation acts repealed 1849 -
- Trade increased significantly
- Trade grew 10%
- Reduced smuggling

Question 4

Impact of Opium war

Answer 4

First 1839-42
- Opium war opened up free trade to china
- Chinese to strict control over British Trade in Hong Kong

Question 5

Impact of Zanzibar 1890

Answer 5

Entrepot for Ivory, rubber and spices

Local regime was in support of Britain

Question 6

How and why did the British approach to trade change in the 19th century?

Answer 6

Adoption of free trade policies and the corn laws

Britain actively sought trade agreements with other nations to remove barriers and promote open markets.

Question 7

How did the British decision to abolish the slave trade change the pattern of British trade?

Answer 7

Trade switched to the trade of goods and raw materials, a greater focus on industrial revolution, shifted to emerging markets in asia rather than the caribbean
Opening of new trade routes and partnerships particularly with India and China

Question 8

Influence of Adam Smith’s ideas

Answer 8

Division of labour
Critique or mercantilism and a wish for a union between UK and Ireland

Question 9

Singapore being an entrepôt

Answer 9

1819 trading post enquired
- Entrepots could have high volume of trade flowing through them

• Chinese, Malay, Indian, Arab, and European populations settled in Singapore, creating a multicultural society

-Strategic for routes

Question 10

Hong Kong

Answer 10

1841
- Britain imported high amounts of tea and silk from India in exchange for opium

• Led to opium war as Britain overpowered china

Question 11

Shanghai

Answer 11

1846
- More opium
- Larger port
- Fuel Britains economy

Question 12

Weihaiwei

Answer 12

1898
- Port Arthur to prevent Russia

Question 13

Suez Canal

Answer 13

Major trade routes and advantages

Protection of Egypt

Brought shares in the Suez before its opening in 1968