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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 in 1921. The loss of a large portion of British America defined the transition between the "first" and "second" empires, in which Britain shifted its attention away from the Americas to Asia, the Pacific, and later Africa. [107]
Statistics of the Colonies of the British Empire (or more completely, Statistics of the Colonies of the British Empire in the West Indies, South America, North America, Asia, Austral-Asia, Africa, and Europe) is a work by Robert Montgomery Martin which comprises a number of different statistics to measure the well-being of the British Colonies in the late 18th until mid 19th century.
"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 ...
By the 1930s, an Empire so vast was a challenge for historians to grasp in its entirety. The American Lawrence H. Gipson (1880–1971) won the Pulitzer Prize for his monumental coverage in 15 volumes of "The British Empire Before the American Revolution", published 1936–70. [46]
The Non-Importation Act, passed by the United States Congress on April 18, 1806, forbid any kind of import of certain British goods in an attempt to coerce Britain to suspend its impressment of American sailors and to respect American sovereignty and neutrality.
Britain found a market for their goods in the British colonies of North America, increasing her exports to that region by 360% between 1740 and 1770. British merchants offered credit to their customers; [85] this allowed Americans to buy a large amount of British goods.
British Empire, 1600–present. By 1920 it had become the largest empire in history, constituting approximately 25% of the world's surface and 25% of the world's people. [103] The Palace of Westminster, with Elizabeth Tower and Westminster Bridge. The Second British Empire was built primarily in Asia, the Middle East and Africa after 1800.