British Empire

Free trade and "informal empire"

Main article: Pax Britannica.

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The old British colonial system began to decline in the 18th century. During the long period of unbroken Whig dominance of domestic political life (1714–62), the Empire became less important and less well-regarded, until an ill-fated attempt (largely involving taxes, monopolies, and zoning) to reverse the resulting "salutary neglect" (or "Benign neglect") provoked the American War of Independence (1775–83), depriving Britain of her most populous colonies.

Related Topics:
18th century - Whig - 1714 - 62 - Taxes, monopolies, and zoning - American War of Independence - 1775 - 83

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The period is sometimes referred to as the end of the "first British Empire", indicating the shift of British expansion from the Americas in the 17th and 18th centuries to the "second British Empire" in Asia and later also Africa from the 18th century. The loss of the United States showed that colonies were not necessarily particularly beneficial in economic terms, since Britain could still dominate trade with the ex-colonies without having to pay for their defence and administration.

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Mercantilism, the economic doctrine of competition between nations for a finite amount of wealth which had characterised the first period of colonial expansion, now gave way in Britain and elsewhere to the laissez-faire economic liberalism of Adam Smith and successors like Richard Cobden.

Related Topics:
Mercantilism - Laissez-faire - Liberalism - Adam Smith - Richard Cobden

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The lesson of Britain's North American loss — that trade might continue to bring prosperity even in the absence of colonial rule — contributed to the extension in the 1840s and 1850s of self-governing colony status to white settler colonies in Canada and Australasia whose British or European inhabitants were seen as outposts of the "mother country". Ireland was treated differently because of its geographic proximity, and incorporated into the United Kingdom of Great Britain and Ireland in 1801; due largely to the impact of the Irish Rebellion of 1798 against English rule.

Related Topics:
Colonial - 1840s - 1850s - Self-governing colony - Canada - Australasia - United Kingdom of Great Britain and Ireland - Irish Rebellion of 1798

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During this period, Britain also outlawed the slave trade (1807) and soon began enforcing this principle on other nations. By the mid-19th century Britain had largely eradicated the world slave trade. Slavery itself was abolished in the British colonies in 1834, though the phenomenon of indentured labour retained much of its oppressive character until 1920.

Related Topics:
Slave trade - 1807 - Slavery - 1834 - Indentured labour - 1920

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The end of the old colonial and slave systems was accompanied by the adoption of free trade, culminating in the repeal of the Corn Laws and Navigation Acts in the 1840s. Free trade opened the British market to unfettered competition, stimulating reciprocal action by other countries during the middle quarters of the 19th century.

Related Topics:
Free trade - Corn Laws - Navigation Acts - 1840s

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Some argue that the rise of free trade merely reflected Britain's economic position and was unconnected with any true philosophical conviction. Despite the earlier loss of 13 of Britain's North American colonies, the final defeat in Europe of Napoleonic France in 1815 left Britain the most successful international power. While the Industrial Revolution at home gave her an unrivalled economic leadership, the Royal Navy dominated the seas. The distraction of rival powers by European matters enabled Britain to pursue a phase of expansion of her economic and political influence through "informal empire" underpinned by free trade and strategic pre-eminence.

Related Topics:
North American colonies - Europe - Napoleonic - France - 1815 - Power - Industrial Revolution - Royal Navy - Informal empire - Free trade

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Between the Congress of Vienna of 1815 and the Franco-Prussian War of 1870, Britain was the world's sole industrialised power, with over 30% of the global industrial output in 1870. As the "workshop of the world", Britain could produce finished manufactures so efficiently and cheaply that they could undersell comparable locally produced goods in foreign markets. Given stable political conditions in particular overseas markets, Britain could prosper through free trade alone without having to resort to formal rule. The Americas in particular (especially in Argentina and the United States) were seen as being well under the informal British trade empire due to Britain's enforcement of the Monroe Doctrine keeping other European nations from establishing formal rule in the area.

Related Topics:
Congress of Vienna - 1815 - Franco-Prussian War - 1870 - Americas - Argentina - United States - Monroe Doctrine

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