The growth of Britain's economy and empire
I can describe the debate that exists among historians as to the relationship between the growth of the British Empire and the growth of Britain's economy.
The growth of Britain's economy and empire
I can describe the debate that exists among historians as to the relationship between the growth of the British Empire and the growth of Britain's economy.
Lesson details
Key learning points
- During the 'long eighteenth century' Britain underwent both agricultural and industrial revolutions.
- Historians have debated the extent to which these domestic developments led to the growth of the empire, or vice versa.
- A growing population in North America and the burgeoning trade in enslaved people created a demand for British goods.
- Some have argued that British manufacturing production owed more to demand from the domestic market than from overseas.
- Others have suggested that protectionist trade policies led to colonies becoming a burden on Britain.
Common misconception
The Transatlantic Slave Trade made up a large percentage of Britain’s national income.
The direct profit from the trade in enslaved people was 1% of Britain’s national income. However, much more wealth was generated in Britain from the trade in products produced by enslaved labour, and by provisioning the Transatlantic Slave Trade.
Keywords
Industrial - economic activity related to the manufacturing and production of goods
Demand - the willingness and ability of people to buy something
Manufactured - something produced on a large scale by machines, usually in a factory
Investment - the act of putting money, effort, time, etc., into something to make a profit or get an advantage
Domestic market - the number of customers who have the ability to buy goods within their own country
Content guidance
- Depiction or discussion of discriminatory behaviour
- Depiction or discussion of violence or suffering
Supervision
Adult supervision recommended
Licence
This content is © Oak National Academy Limited (2024), licensed on Open Government Licence version 3.0 except where otherwise stated. See Oak's terms & conditions (Collection 2).
Video
Loading...