TRADE WITH FAR EAST( China,Hong Kong,Shanghai,Singapore)
DEVELOPMENT OF POLICY(Industrialisation, MAIN TOPICS TO STUDY BUT ALSO
Mercantalism to Free trade, Suez, Navy, PARAGRAPHS TO USE FOR ANY Q
Navigation Acts)
GEOPOLITICAL CONTROL / TRADE ELSEWHERE
(Americas,India,Zanzibar)
1- TRADE WITH FAR EAST - CHINA
.The trade in opium was largely a result of trade imbalance
.The British took advantage of the political instability to create the Treaty of Nanking
OPIUM WARS
.Britain were selling 6,500 tons of opium to China
.The E.I.C were importing 25.5 million pounds of Tea to Britain in 1787
.Treaty of Nanking/Gunboat Diplomacy
-Pay 6 million for destroyed Opium
-Shanghai to be open to foreign trade
-12 Million opium addicts
, 1-TRADE WITH FAR EAST – HONG KONG 1- TRADE WITH FAR EAST - SHANGHAI
.Treaty of NANKING .Deeply profitable for Chinese,British businessmen
.Opium trade grew to 6,500 tons importes to .Goods could be imported 1,000 miles into China
China in 1880 .could now enter Yangtze river
1- TRADE WITH FAR EAST - SINGAPORE
.Straits of Malacca ( PIRACY)
.200 square miles of swamp (beginning)
.1845 (20 British merchant houses)
2- DEVELOPMENT OF POLICY – MERCANTALISM TO F
2- DEVELOPMENT OF POLICY – INDUSTRIALISATION
.Corn Laws
. 1834 Poor Law .West Indies exports in 1820s were £4 million
. 22 million people in Britain by 1971 .Capital investments abroad £5 million a year in 1830
. 1840s revival of demands for free trade .Sugar, Stamp Act 1765
.Abolition of all duties
.Cotton ( £55.9 million)
, 2- DEVELOPMENT OF TRADE – SUEZ CANAL 3- GEOPOLITICAL CONTROL – ZANZIBAR
.1882, 80% of Suez shipping was British .The Berlin Conference
.Over 5 Million tonnes of shipping went through .'Scramble for Africa'
.Benjamin Disraeli borrowing .Heligoland- Zanzibar Treaty
.Ismail Bankrupcy .Anglo-Zanzibar War (1897)
.By 1911 shipping reached 18 million tons
Egypt was vital for the trade route to India& Britains far East colonies
3- GEOPOLITICAL CONTROL – LEASE OF WEIHAIWEI
.1898 lease
.Port Arthur –Russian advantage for non interference
.together the three powers had 38 ships totalling 95,000 tons in the
region 2 – DEVELOPMENT OF POLICY - FRE
.Anglo-Russian entente in 1907
.Adam Smith
.Free trade given to Ireland in 1779
.West Indies economy collapsed
.Repeal of Navigation Acts 1850