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The end of Lend-Lease thus came as a great economic shock. Britain needed to retain some of this equipment in the immediate post war period. As a result, the Anglo-American loan came about. Lend-lease items retained were sold to Britain at the knockdown price of about 10 cents on the dollar, giving an initial value of £1.075 billion. [3]
In the 18th century, the British government operated under a policy of mercantilism, in which the central government administered its colonies for Britain's economic benefit. The 13 colonies had a degree of self-governance and active local elections , [ a ] and they resisted London's demands for more control over them.
The most notable sign of improving relations during the Great Rapprochement was Britain's actions during the Spanish–American War of 1898. Initially London supported Madrid and its colonial rule over Cuba, since the perceived threat of American occupation and a territorial acquisition of Cuba by the United States might harm British trade and ...
From 1923, defence of British colonies and protectorates in East Asia and Southeast Asia was centred on the "Singapore strategy".This made the assumption that Britain could send a fleet to its naval base in Singapore within two or three days of a Japanese attack, while relying on France to provide assistance in Asia via its colony in Indochina and, in the event of war with Italy, to help ...
With the defeat of the Dutch and the imposition of the Navigation Acts, the British colonies in North America became part of the global British trading network. The colonists traded foodstuffs, wood, tobacco, and various other resources for Asian tea, West Indian coffee, and West Indian sugar, among other items. [72]
c. 18) known also as the Trade Act 1775, similarly limited the export or import of any goods by way of only Great Britain, Ireland, and the British West Indies for most colonies south of New England; it was passed shortly after the first, upon receiving news in April that the colony's trade boycott had spread widely among other colonies. New ...
The system of smuggling finished products into the continent undermined French efforts to ruin the British economy by cutting off markets. The well-organised business sector channelled products into what the military needed. Not only did British cloth provide for British uniforms, it clothed the allies as well and indeed the French soldiers too.
The British and colonists triumphed jointly over a common foe. The colonists' loyalty to the mother country was stronger than ever before. However, disunity was beginning to form. British Prime Minister William Pitt the Elder had decided to wage the war in the colonies with the use of troops from the colonies and tax funds from Britain itself ...