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P5 SP4 Trade: British industry could not have developed to the extent that…

- - - - British manufactures tried to imitate them (Berg)
        
        Experimentation, adaptation of skills
        
        New technologies
        
        Could happen without trade?
        
        Indeed hard to imitate
        
        Chinese porcelain: Production far from the coast, closure of Japan to the west
        
        Indian clothes: Rulers protected trade secrets
  - - - Higher real income per capita
        
        Better health conditions + Better educuation
        
        Higher quality of the workforce
        
        Higher productivity
    - - Colonial territories were considered "indigeneous"
        
        Less control for imports in Britain from colonies
        
        Cheaper raw materials like cotton for the British production
  - - - British people traded goods for slaves in Africa
      - Slaves were sold to planters in South America
        
        Slaves produced sugar, cotton, cocoa
      - South American goods were shipped and sold in Britain
      - Higher profits => Capital accumulation
        
        Finance for the IR
        
        Wright: Cotton production could be successful without slavery
- - - - Trade
      - Colonialism
      - Slavery
      - The volume of trade profits was too small
  - - - Merchants, traders could require institutional reforms
        
        More power and property rights
        
        Traded more, invested more
        
        Checks on Monarchy are essential