The British got success in the trade rivalry. Define briefly.
Answers
Answer:
Explanation:
Trade, during this period, became triangulated between the British Empire, its colonies, and foreign markets. This fostered the development of the slave trade in many colonies, including America. The colonies provided rum, cotton, and other products heavily demanded by imperialists in Africa.
The British government also demanded trade in gold and silver bullion, ever seeking a positive balance of trade. The colonies often had insufficient bullion left over to circulate in their own markets; so, they took to issuing paper currency instead. Mismanagement of printed currency resulted in periods of inflation.
During Great Britain's mercantilist period, colonies faced periods of inflation and excessive taxation, which caused great distress. Between 1640-1660, Great Britain enjoyed the greatest benefits of mercantilism. During this period, the prevailing economic wisdom suggested that the empire's colonies could supply raw materials and resources to the mother country and subsequently be used as export markets for the finished products.
Answer:
the conflict of trade interest between them finally end with the three Anglo French wars or the caratic wars that were fought from 1746 to 763 in India they are called the carnatic wars as most of them where found in the carnatic region and other part of Tamil Nadu the was final result in the team please comment of the British power in India