How did the British economy benefit from the slave trade?
British profits were made from exporting manufactured goods to Africa and importing slave products such as sugar. Ports such as Glasgow, Bristol and Liverpool prospered as a result of the slave trade. The slave trade and the British economy. The British economy was transformed by the Atlantic slave trade.
Why did Great Britain begin increasingly taxing the colonies?
Great Britain began increasingly taxing the colonies to pay for the war. The wars listed in the table occurred as the result of tensions between which groups of people? Why did American colonists support the British in the French and Indian War? The French established trading centers on lands claimed by the colonists.
How did Great Britain pay for the French and Indian War?
Great Britain borrowed heavily to pay for the costs of fighting the French and Indian War. As a result, its national debt doubled from approximately £70,000,000 to £140,000,000.
How much did it cost the British to defend the colonies?
In addition, the British estimated at £300,000 per year the cost of maintaining the 10,000 troops stationed in North America to defend the territory it had won during the war. How did this financial situation affect British policy toward its North American colonies?
Answer
Out of the following choices given, the absence of a uniform tariff rate benefited British exports to America.
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How did the British economy change?
The British economy was transformed by the Atlantic slave trade. In 1700, 80 per cent of British trade went to Europe from ports on the east and south coasts. By 1800, 60 per cent of British trade went to Africa and America, sailing from the three main west coast ports - Glasgow, Liverpool and Bristol.
Why was the slave trade important?
The slave trade was important in the development of the wider economy - financial, commercial, legal and insurance institutions all emerged to support the activities of the slave trade. Some merchants became bankers and many new businesses were financed by profits made from slave-trading.
What ports were involved in the slave trade?
Ports such as London, Bristol and Liverpool prospered as a direct result of involvement in the slave trade. Other ports, such as Glasgow, profited from the tobacco trade. Thousands of jobs were created in Britain supplying goods and services to slave traders.