• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

To what extent were the trading companies responsible for the growth of the British Empire in the years 1680-1740?

Extracts from this document...


History Key Assignment Cover Sheet Name: Ruby Lane Date: 30/09/12 Essay Title: To what extent were trading companies responsible for the growth of the British Empire in the years 1680-1740? Word Count (excluding references): 1524 Feedback from previous essay: Ruby, This is a quite excellent summary of the key points from the booklet. You've answered the bulk of the question and I'm impressed with the way that you had the question on your mind throughout your answer. For your next essay, you might want to include other historians as part of your evidence. Well done. I have acted on feedback from my previous essay ï¼ I have planned the essay carefully prior to writing ï¼ My essay is structured properly – it has an introduction, organised paragraphs and a conclusion ï¼ I have read over the essay carefully and corrected any spelling/grammatical/factual errors ï¼ I have included footnotes ï¼ I have included a bibliography with at least three books / articles ï¼ To what extent were the trading companies responsible for the growth of the British Empire in the years 1680-1740? From the 1680s through to the 1740s, the Empire expanded in a remarkable way due to the growth in trading to and from colonies or settlements and the increase of jobs from this; the profits and territorial gains from war and government policies and interventions within the UK or placed on trade. ...read more.


For instance: “the RAC transported 120,000 captured Africans to colonies […] thus enriching the wealth of British plantation owners”[7], sugar was widely exported by the RAC and 8 forts were built in Africa which, of course, made a positive impact on Britain. Another short lived company like the RAC was the South Sea Company (SSC). Created in 1711, the company gained its pillars from the war of Spanish succession which included the treaty of Utrecht and was formed because central and South America would be open. The company also opened up to take charge of the national debt in return for half a million pounds, a monopoly in the South Sea and the right to sell shares. The SSC was seen as a costly failure in hindsight but the public were not told about their false success, creating an illusion that the rich were investing in something worth while. Share prices in August 1720 were £1,000 but furiously dropped to £100. One benefit of the SSC was that it took the national debt into its own hands which enabled the government to not be “saddled with huge debts”. Trade was a strong aspect for the expansion of the Empire, but perhaps trade would not have grown if the government hadn’t intervened. One method of intervention was the navigational acts. ...read more.


It was vastly unpopular with the population and many wars were lost. The declining morale that came with the tragic deaths in the navy and the large taxes were putting people off: ?over 30 per cent of the total government expenditure during the Nine Years war and the War of Spanish Succession was financed by public borrowing?[11]. Wars like Jenkins? ear and Austrian succession were, arguably, pointless ? nothing seemed to be gained from these wars. Tax payer?s money was being wasted on these wars while relatives were dying. In conclusion, these three factors are all symbiotic and all completely supported each other: government helped trade which helped government which helped war which helped trade, and each built the Empire in their own ways. It would not have been possible to expand it in such a short space of time in such a magnitude without war, the government or trade. The booming trade industry and the Navy opened up jobs, increasing total output of the country making the Empire a bigger and economically better place. The development of ports due to trade boosted Britain, too. However, saying this, I believe that government had a larger effect because of its introduction of sophisticated banking. Others may argue against by mentioning that this would not have been needed if it wasn?t for trade but overall, each had an astounding effect on the economy and the strength of the Empire. If it wasn?t for these very reasons, we wouldn?t be the nation or world we are today living in. ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our AS and A Level British History: Monarchy & Politics section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related AS and A Level British History: Monarchy & Politics essays

  1. "William Wilberforce was primarily responsible for the abolition of the Slave Trade in the ...

    It was through many of the combinations formed within the committee that aspects of the abolition movement began to 'take-off'. For example one member owned a printing press, which combined with Thomas Clarkson's writing skills allowed anti-slavery literature to become more widespread and thus increase a public awareness and demand for slavery's end.

  2. Within the context of 1880-1980, to what extent did British actions accelerate British decolonisation ...

    This implies that a post-1945 factor (e.g. the Suez Crisis, see below) accelerated decolonisation. In comparison, World War 2 accelerated decolonisation at a far greater rate than many could have imagined just a few years prior. Effectively, the war established rather paradoxically that imperialism (both British and otherwise)

  1. Trading companies - The British Empire

    Just like The Royal Adventurers, the company's profits had been interefered by interlopers and they were put of their business. Although, the RAC had finally ended, it put an end to foreign monoply. By stopping the Dutch and the French trading, it had helped this British company maintain its dominance.

  2. Charlemagne Essay.

    the decree concerning freemen and poorer men which we saw fit to make in the manner laid out.This also shows flexibility in the military system. The king would never know for certain the size of the army that would appear after a mobilisation alert, but AKF indicates that an effective force usually materialised.

  1. Nell Gwyn (Playhouse Cretaures) essay

    If her good looks, strong clear voice, and lively wit were responsible for catching the eye of Killigrew, she still had to prove herself clever enough to succeed as an actress. This was no mean task in the Restoration theatre; the limited pool of audience members meant that very short

  2. Colonisation and Plantation.

    * Some lessons had been learnt from earlier plantations i.e. settles were not to live in scattered houses, but in fortified villages and towns. * Lands were given to 5 types of people: 1.Scottish and English undertakers 2.Servitors 3.Loyal Irish 4.Guilds 5.Others (Church of Ireland, Trinity College Dublin and six free schools.

  1. How united was Britain in 1688?

    interest to this analysis: firstly the matters of policy that set James II and his nobles at odds; secondly the degree of unity within the nobility in their opposition to the polices of James; and finally the level of unity within the Royalist faction.

  2. How the British Empire took over India

    No territories exchanged hands and everything continued as before the war. In 1780 Second Anglo-Mysore War began after Haider Ali, the ruler of Mysore, invaded British controlled Karnataka. He blamed the British for the stalemate of the First Anglo-Mysore War.

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work