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The following table gives gross domestic product (GDP) estimates of the British Empire and its territories in 1870 and 1913, as a percentage of the world economy and the empire's economy, along with comparisons to the United States and Russian Empire. The British imperial territory with the largest economy in 1870 was British India (including ...
The British Empire (red) and Mongol Empire (blue) were the largest and second-largest empires in history, respectively. The precise extent of either empire at its greatest territorial expansion is a matter of debate among scholars.
The British Empire began to take shape during the early 17th century, with the English settlement of North America and the smaller islands of the Caribbean, and the establishment of joint-stock companies, most notably the East India Company, to administer colonies and overseas trade.
The bulk of British emigration, trade, and capital went to areas outside the formal British Empire. Key to their thinking is the idea of empire 'informally if possible and formally if necessary.'" [ 83 ] Oron Hale says that Gallagher and Robinson looked at the British involvement in Africa where they, "found few capitalists, less capital, and ...
"The Imperialism of Free Trade" is an academic article by John Gallagher and Ronald Robinson first published in The Economic History Review in 1953. It argued that the New Imperialism could be best characterised as a continuation of a longer-term policy begun in the 1850s in which informal empire, based on the principles of free trade, was favoured over formal imperial control unless ...
The collapse of the Roman Empire unlinked the French economy from Europe. Town life and trade declined and society became based on the self-sufficient manor. Some international trade existed for luxury goods such as silk, papyrus, and silver; it was handled by foreign merchants such as the Radanites.
The British Empire refers to the possessions, dominions, and dependencies under the control of the Crown.In addition to the areas formally under the sovereignty of the British monarch, various "foreign" territories were controlled as protectorates; territories transferred to British administration under the authority of the League of Nations or the United Nations; and miscellaneous other ...
British Empire Economic Conference, Time magazine, 25 July 1932 Barry Eichengreen and Douglas A. Irwin, "Trade blocs, currency blocs and the reorientation of world trade in the 1930s", Journal of International Economics , Volume 38, Issues 1–2, February 1995, Pages 1–24