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Free Trade Imperialism

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A Brief History of Trade Wars

Check this interactive timeline to learn about the key events that have promoted or stymied global trade, from 1900 to the latest US China trade war.

EMPIRE PREFERENCE  Despite other countries increasing tariffs on British exports, Britain had failed to establish ‘Empire Preference’. A 1923 imperial conference suggested Britain should charge tariffs on imports while exempting Empire produce. But this might raise food prices, and the issue contributed to Conservative losses in 1923 elections.   When the Conservatives came to power in October 1924, therefore, they were acutely aware that Britain’s traditional commitment to free trade and its hunger for cheap food imports still made ‘Imperial Preference’ politically toxic. They were not yet willing to risk raising tariffs on non-Empire imports.   They also wanted to boost Empire sentiment and links more generally, at a time when jingoistic appeals had become less potent in the wake of grinding trench warfare. In addition, the notion of imperial control as trusteeship – rule that should be specifically for the benefit of the ruled – was growing, as was the electoral strength of a Labour Party that was generally more suspicious of imperialism.    The Conservative Government’s solution to these dilemmas was the EMB, in the hope that it could boost empire trade by raising the quality of British and colonial produce, and by influencing consumer behaviour.  The EMB’s marketing, meanwhile, marked a wider shift in emphasis: from empire as an arena for military prowess and the display of superior metropolitan character; towards Empire as an actively interacting economic and cultural community, and a way of enriching metropole and colonies alike.

EMPIRE PREFERENCE Despite other countries increasing tariffs on British exports, Britain had failed to establish ‘Empire Preference’. A 1923 imperial conference suggested Britain should charge tariffs on imports while exempting Empire produce. But this might raise food prices, and the issue contributed to Conservative losses in 1923 elections. When the Conservatives came to power in October 1924, therefore, they were acutely aware that Britain’s traditional commitment to free trade and…

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Who Benefits From the US-China Trade War? | Geopolitical Futures

Several markets stand to benefit from the escalating trade dispute between the United States and China. Here, we take a look at two countries that will likely see an increase in trade with the U.S. as a result of the trade war.

Macroeconomics: International Trade & Finance An introductory look at international trade and finance covering exchange rates absolute and comparative advantage types of trade restrictions reasons for trade restrictions effects of trade restrictions and various types of free trade agreements.Book contains videos slide shows and review questions.  - Economics Ebook #EconomicsEbook

Macroeconomics: International Trade & Finance An introductory look at international trade and finance covering exchange rates absolute and comparative advantage types of trade restrictions reasons for trade restrictions effects of trade restrictions and various types of free trade agreements.Book contains videos slide shows and review questions. - Economics Ebook #EconomicsEbook