A Companion to Nineteenth-Century Britain (Blackwell by Chris Williams

By Chris Williams

A better half to Nineteenth-Century Britain provides 33 essays by way of specialist students on the entire significant elements of the political, social, fiscal and cultural historical past of england throughout the past due Georgian and Victorian eras.

  • Truly British, instead of English, in scope.
  • Pays recognition to the reports of ladies in addition to of men.
  • Illustrated with maps and charts.
  • Includes courses to extra reading.

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16. 17. 18. 19. 20. 21. P. K. O’Brien, ‘Imperialism and the rise and decline of the British economy, 1688–1989’, New Left Review, 238 (1999), p. 62. C. K. Harley, ‘Foreign trade: comparative advantage and performance’, in R. C. Floud and D. McCloskey, eds, The Economic History of Britain since 1700, vol. 1, 1700–1860 (Cambridge, 1994), p. 305. L. H. Jenks, The Migration of British Capital to 1875 (London, 1971), p. 68. F. Crouzet, Britain Ascendant: Comparative Studies in Franco-British Economic History (Cambridge, 1990), p.

Chamberlain also took up the cause of the West Indian sugar planters by seeking to impose countervailing duties on bounty-fed sugarbeet imports, leading to the Brussels sugar convention of 1902. The Pacific Cable was also taken up as a model of imperial economic co-operation. We can see here the groundwork for the subsequent case for tariff reform, that Britain should erect tariffs against foreign countries while favouring her empire, and so reversing the course of British economic policy since 1846.

In fact many had long argued that the adverse balance of trade did not matter and that, as the free traders had long argued, increased imports were the sign of a thriving economy. Since imports paid for themselves through further exports, imports rather than exports were the engine of growth. In effect, within the pattern of trade that had developed in the world economy by, say, 1890, Britain had become the hub of the international system of multilateral trade and payments. Her ability to settle her debts in Europe and America was based on credits earned in other parts of the world, particularly India, but this multilateral system itself helped generate and sustain the growth of world trade.

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