TRADE AND COMMERCE Flashcards

(22 cards)

1
Q

value of tea in india in 1854 vs 1876

A

1854 = 24,000 pounds
1876 = 2.4 million

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2
Q

colonial conference in 1887

A
  • conference which soon became the imperial conferences (with king)
  • it was a discussion on if free trade should be adopted in empire, in which it was disucssed it shouldn’t
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3
Q

how would trade and commerce between britain and empire benefit people in britain

A
  1. employment at docks and ports - industrial boost of such cities
  2. migration opportunities into empire
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4
Q

% of british imports from empire from colonies from 1875, and going to colonies

A

imports: 20% from empire

exports: 33% british products to empire

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5
Q

describe industry in empire

A
  • markets of colonies would not conflict with that of british economie, partially because they could not compete
  • local colonies could not compete in price
  • british investment allowed a modernisation of industry and technology
  • but, the british morphed and exploited their economies to tailor their interests (ie cotton in egypt) - 40% + 50% point, meaning the british massively controlled economies and did not diversify them
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6
Q

value of cotton in india from 1854-1876

A

1854 = 1.6 million
1876 = 5.8 million

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7
Q

canals and rivers in empire

A
  • were used for easy transportation, but also irrigation of arable land - would boost rice growth etc
  • were relied on to offset the impact of famines within empire and provide a source of food
  • canals and rivers would strengthen and deepen trading routes for ideas of exploration etc
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8
Q

what years were charters given to:
- national african company / RNC
- IBEAC
- BSAC

A

RNC / NAC = 1886
IBEAC = 1888
BSAC = 1889

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9
Q

1881 charter

A

north borneo trading company obtain a charter

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10
Q

key stat in australia on mining within empire

A

in 1861, victoria (australia) was producing 124 million pounds of gold, which was a 1/3 of the world total

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11
Q

value of cotton in india in 1854 vs 1876

A

1854 = 1.6 million

1876 = 5.8 million

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12
Q

what % of british exports was india taking by 1914

A

india took 20% of british exports (150 million) by 1914

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13
Q

describe the agriculture industry in empire

A
  • australia and new zealand were prominent for their vast amounts of cheap, agricultural materials (ie wool, beef etc)
  • south africa was producing cotton, sugar, cocoa and palm oil
  • malaya was producing rubber, tin etc
  • indians were typically brought to the west indies, west africa etc
  • there were vast plantations in tea in india and ceylon
  • due to a lack of competition, prices were relatively low, and workers were typically exploited by the british
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14
Q

stats / examples of railways built from 1857

A
  1. indian railway expansion increases from 5000 miles to 24000 miles
  2. 1861 = punjab railway
  3. natal government railway was formed in 1887 - by 1895 it was linking to the witwaterand region (idea of good communications)
  4. cape to cairo railway
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15
Q

railways within empire from 1857

A
  • expansive railways built (ie india) allowing for easy communication and suppression of nationalism
  • in india, railways were used to link cotton and jute railways, or rice for exports
  • idea of invisible trade
  • railways were the single largest investment from britain in the self-governing colonies of canada, australia, new zealand etc
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16
Q

impact of gold discovery in rand region on britain

A
  • gold discovered in 1886
  • a gold rush of boers in the enter the witwaterand region for gold
  • 30,000 british migrate into the rand region as skilled labourers, these 30,000 which were at risk of unemployment in cornwall
17
Q

describe mining in empire and which areas were valuable for what materials

A
  • mining provided the british with access to key, valuable materials which would boost its economy and enrichen individuals
  • was good at promoting migration into empire and compensating for high degrees of unemployment in britain
  • gold was discovered in australia and was producing hundreds of millions in value

niger / nigeria - palm oil, tin
south africa - diamonds, gold
india - cotton, jute, rice

18
Q

british trade and commerce system with empire from 1857

A
  1. mercantilism
    - heavy reliance of colonies using british ships, british products, sending product to britain (limited relationship between colonies and other international powers)
  2. liberal
    - idea of an association between the undertaking of capitalism and colonies becoming more liberal + civilised
    - free trade and open markets would drive prosperity
19
Q

examples of canals within empire

A
  1. chenab canal scheme 1883
  2. 1867 = st lawrence canal schemes
20
Q

reasons for close trade between britain and empire from 1857

A
  • loyalty
  • felt there was a duty to trade
  • there were easy trading patterns between britain and its colonies
  • there were common economic bonds between britain and colonies so trade was easier
21
Q

tea in india

A

there was 1 tea plantation in 1857 to 295 by 1871
- a plantation was established at coonoor in the 1860s by james taylor

22
Q

ships and shipping within empire from 1857

A
  • opium wars and forced opening of ports after first opium war allowed for a reliance on ships for trade purposes
  • ships would carry spices, tea, opium etc and were critical in strengthening bonds of empire
  • steamships reduced the time between empire and britain (ie suez, to west africa etc) - efficient trade, response to nationalism etc