Exports to the colonies consisted mainly of woollen textiles ; imports included sugar, tobacco and other tropical groceries for which there was a growing consumer demand. The triangular slave trade had begun to supply these Atlantic colonies with unfree African labour, for work on tobacco, rice and sugar plantations.
What products did England export to the colonies?
New England and the Middle Colonies exported a wide range of products including iron, wheat, livestock, whale oil, fish, and rum , worth about £500,000 annually. Newfoundland, Quebec, and Nova Scotia, recently acquired from the French, exported much less; the value of fish and furs was only about £200,000.
What did the colonies import from England?
Lumber, wool, iron, cotton, tobacco, rice, and indigo were among the products needed in England. British manufacturers in the meantime needed markets for the goods they produced. The American colonies bought their cloth, furniture, knives, guns, and kitchen utensils from England.
Which goods did England ship to the colonies?
The North American British colonies sent raw materials like rice, tobacco, and lumber to Europe. Europe sent manufactured goods and luxuries to North America. Europe also sent guns, cloth, iron, and beer to Africa in exchange fro gold, ivory, spices and hardwood.
What did England used to export?
Principal British exports include machinery, automobiles and other transport equipment, electrical and electronic equipment (including computers), chemicals, and oil . Services, particularly financial services, are another major export and contribute positively to Britain’s trade balance.
Why did Britain need colonies?
England also looked at the settlement of colonies as a way of fulfilling its desire to sell more goods and resources to other countries than it bought. ... At the same time, the colonists could be a market for England’s manufactured goods. The English knew that establishing colonies was an expensive and risky business.
What was sent from England to the 13 colonies?
Triangular Trade – Goods from England
The goods that needed to be brought into the colonies from England included manufactured products such as guns, cloth, furniture and tools . Other items such as tea and spices were also sent to the colonies.
What made the British Empire so rich?
British traders made fortunes from ships freighted with opium off the coast of China . They helped themselves to the riches of India. They planted new crops in their expanding colonies, like rubber in Malaysia. The key factor in the development of the Empire however, was the demand for sugar.
How many slaves did the British transport across the Atlantic?
Britain was the most dominant between 1640 and 1807 and it is estimated that Britain transported 3.1 million Africans (of whom 2.7 million arrived) to the British colonies in the Caribbean, North and South America and to other countries.
What did Britain import from India?
Sales of British textiles to India helped boost the British economy, and at the same time, Britain imported Indian products such as cotton, tea, wheat, and rice . In claiming India as a colony, Great Britain also wanted to assert its mission of exporting their supposedly better culture to the rest of the world.
What did the colonies produce?
| Region Economy, Industries and Trade in the Colonies | New England Colonies Fish, whale products, ships, timber products, furs, maple syrup, copper, livestock products, horses, rum, whiskey and beer |
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Why did Britain not want the colonies to manufacture goods?
One reason that England ignored the colonies; they were preoccupied with the conflict in their own country. ... **England wanted to colonists to buy goods from them and not trade with other countries, or even manufacture goods. **England made the colonies use their own ships for transporting raw materials.
Who started the triangular trade?
The ‘Triangular Trade’ was the sailing route taken by British slave traders . It was a journey of three stages. A British ship carrying trade goods set sail from Britain, bound for West Africa. At first some slaves were captured directly by the British traders.
What is England’s biggest export?
- Crude oil – £20.0bn. ...
- Pharmaceutical products – £26.3bn. ...
- Electrical machinery – £27.7bn. ...
- Cars – £32.7bn. ...
- Mechanical machinery – £48.5bn.
How did ww2 affect Britain’s economy?
The war had stripped Britain of virtually all its foreign financial resources , and the country had built up “sterling credits”—debts owed to other countries that would have to be paid in foreign currencies—amounting to several billion pounds. Moreover, the economy was in disarray.
How did Britain change after ww2?
The 20 years between 1945 and 1965 witnessed unprecedented change across the British Isles. ... This resulted in the landslide Labour victory of July 1945 . Labour then instituted a radical programme of nationalisation in transport and heavy industry as well as the establishment of a free National Health Service.
