Economics

By stefania16

  • 'the wealth of nations' book out= change to free trade

    this was written by Adam smith, said that wealth was indefinitely expandable and free trade only way to achieve it.

  • 'imperialism of free trade'

    Gov was helping keep free trade around the world, but in British favour and with force.
    force and coercion to achieve trade agreements. where they refused- 'gunboat diplomacy' was introduced.
  • Period: to

    mercantilism period 1858-1890

    this time period was marked by mercantilism- or preferential trade with empire, where the empire had to use british ships for imports and exports

  • empire = 20% british imports

    in the last quater of the century

  • 1/3 brit ecprts went to emp

    1/3 of brit exports went to emp in the last quater of the century.