In the year 1924 one of Stresemann’s aims as Foreign Minister of Germany was to get the country back on its feet financially so that it would be possible to keep up with the set negotiations by the Treaty of Versailles. Being that when the Weimar Government signed the Treaty they agreed to pay reparation to all of the allied countries at a cost of £6.6 Billion, this proved to be very hard for German economy to keep up with after the First World War. Stresemann helped Germany at this point by adding reforms to the country such as the Dawes Plan; this was an agreement made between he and American banker Charles G. Dawes had made that stated that the Ruhr area was to be evacuated by Allied occupation troops, the Reichsbank would be reorganized under Allied supervision, and sources for the reparation money would include transportation, excise, and custom taxes. This ended the hyperinflation and also gave Germany longer to pay reparations. Stresemann was also able to make the agreement with the USA that America would be lending Germany 800 million gold marks, which kick-started the German economy.
Britain's American empire was slowly expanded by war and colonization. Victory over the French during the Seven Years' War gave Britain control over almost all of North America. Mercantilism was the basic policy imposed by Britain on its colonies. Mercantilism meant that the government and the merchants became partners with the goal of increasing political power and private wealth, to the exclusion of other empires. The government protected its merchants—and kept others out—by trade barriers, regulations, and subsidies to domestic industries in order to maximize exports from and minimize imports to the realm.
Up until 1900 the source shows that Britain was in a very good position when it came to trade as their exports greatly outweighed their imports which in turn would make a steady profit for Britain. Britain were able to make a profit on their exported goods as they had the ability to obtain cheap natural resources from the colonies such as sugar from the West Indies and cotton from parts of Africa, these raw materials could then be turned into goods and sold to other colonies for a much higher price. The statistics used in the source show the growth of imports from 4.8 million to 570.4 million this is useful as it shows the progress that Britain had made throughout the years, it supports the view that the British
This helped Britain gain such a large Empire because by fighting and winning these wars they gained more of the land and more power over the people, it gives them more money and riches and they show themselves as the dominant country. They were able to then go and gain the other sections of India. Another way Britain gained such a large Empire was through trade. For example when the EIC (East Indian Company) started to trade in India they made money for the army and Britain as a whole, they also gained the trust of the people by trading fairly, and they got well paid in crates of spices, calico, gems and silk by the princes and Maharajas of India when the British helped them fight their battles. This helped Britain gain such a large Empire because by trading they got money and power so that they could send out exploration ships and armies to go to other countries and take it.
In what ways was the British East India Company a fundamentally new type of Economic Organisation? According to a Victorian poet and historian, Thomas Babington Macaulay, the British East India Company (BEIC) was the “greatest corporation in the world”. This dynamic and influential Company flourished during 1600’s to early 1700’s due to many beneficial economic factors. These include the idea that it was the “first state backed company”, which in turn allowed them to monopolise trade with the Eastern Countries. Secondly, the BEIC introduced a joint-stock ownership system, which catered for the Companies economic benefits and allowed them to reap in the rewards of such a mechanism as the joint-stock ownership.
Abstract Rulers and emperors have sought to add to their wealth by increasing commerce and trade for many centuries making it the major contribution to many empires growth. They have recognized the important relationship between economic prosperity and national well-being. But this growth was slow before 1500 with disruption caused by wars and politics. What was this “spice trade” all about and what factors played a key role in the economic development of a region? (Upshur, Terry, Holoka, Goff, & Cassar, 2002, p. 307).
We can choose what is allowed to be traded and if a country can be traded with, as well as how much it might cost to trade with another country. Finally, we can attempt to develop countries by combining aid & trade in order to benefit all parties involved. Having a balanced economic foreign policy can lead to great success or great failure as a nation. America has given up to $321 billion to lesser developed countries in the last 60 years in the hope that this will help to develop these nations further. This foreign aid has served to make many poor countries dependent on America’s and other countries’ foreign aid
Causes 1) Europeans used mercantilism (an ideology that believes wealth or growth is measured by capital) to economically restrict and suppress colonies. Colonies were only created to benefit its mother country with profits. The mother country would take raw materials and sell the final goods back to the colonies, but Britain would always take more that they gave. a. The British created monopolies in their colonies by adding protectionist taxes on foreign trade material, economically making British goods and services appear to be at better prices.
Louis the 14th was a very powerful king that had many positive influences over the country of France. As absolute monarch, Louis the 14th had an incredible strategy for ruling and improving his county, making him noteworthy of the title as the greatest king in the history of his country. Louis was able to increase France’s economy by producing its own goods to trade with other countries, as opposed to purchasing goods from other places, which proves to be more costly. In addition to that, he assembled the most advanced army in Europe at that time. Interestingly, Louis became a patron of the arts, and greatly shaped France’s culture by emphasizing the importance of art and theater, climaxing with the Palace at Versailles.
Lots of French culture was admired and copied. French was considered the language of aristocracy and royal courts all over the continent. France was also very influential with their palace built by Louis XIV in Versailles, the palace was so beautiful that other countries built their own palaces with the same idea and design. During The Old Regime, the palace symbolized the wealth and the value of the absolute monarchy. The absolute monarchy composed of king and queens who inherited their own position and would eventually pass down their title to their eldest son or daughter.