Economic Practices of the British Empire by Camila Aguirre Rodríguez https://padlet.com/a01754069/p9crj7th0xqnidv8 en-us 2021-11-16 20:24:17 UTC 2025-11-09 19:34:55 UTC hello@padlet.com Main ideas a01754069 https://padlet.com/a01754069/p9crj7th0xqnidv8/wish/1895144432 Economic Practices is the base for Imperialism.

imperialism -> British empire (globalization XIX century-> anglobalization) -> spacial fix

British empire -> Anglo-Saxon culture (English) this cultures start to dominate all over the world.

City of London-> Finances (credit)

The economy started to collapse inside Great Britain because they started giving it a lot of credit ()

What does Great Britain controlled ?-> The maritime trade to get economic domination (Sea power nation)

]]> 2021-11-16 20:32:41 UTC https://padlet.com/a01754069/p9crj7th0xqnidv8/wish/1895144432 City of London a01754069 https://padlet.com/a01754069/p9crj7th0xqnidv8/wish/1895155391 Economics is everything related to how the market works (supply & demand)
Finances is how the flow of money works this is related to  the credit.

So the City of London (small place) is in charge of control the finances. Most important and powerful place of Great Britain because they control monetary capital of the country. 

(Equivalent to Wall Street  for the US)

]]> 2021-11-16 20:39:40 UTC https://padlet.com/a01754069/p9crj7th0xqnidv8/wish/1895155391 Financial dominance of the British Empire a01754069 https://padlet.com/a01754069/p9crj7th0xqnidv8/wish/1895173253 The credit that the British banks gave were fundamental to expand the global trade. 
British empire give credit to other countries  for construction matters, this help the make other  sub-developed  countries to economically depend on them (imperialism). ]]> 2021-11-16 20:51:04 UTC https://padlet.com/a01754069/p9crj7th0xqnidv8/wish/1895173253 Most important product to the control of trade a01754069 https://padlet.com/a01754069/p9crj7th0xqnidv8/wish/1897923168
  • Cotton
  • Coffee
  • Coal 
  • Metals 
  • Oil 
    • ]]>     2021-11-17 20:26:11 UTC https://padlet.com/a01754069/p9crj7th0xqnidv8/wish/1897923168     Corn law a01754069 https://padlet.com/a01754069/p9crj7th0xqnidv8/wish/1897935311 Great Britain eliminates the corn laws (protection of local farmers) resulting in the collapse of agricultural production affecting local producers. 
    Explanation: cheaper product enter to the country living local producers out of the competition. ]]>     2021-11-17 20:33:47 UTC https://padlet.com/a01754069/p9crj7th0xqnidv8/wish/1897935311     Banks vs Local Producers interest a01754069 https://padlet.com/a01754069/p9crj7th0xqnidv8/wish/1897940513 Different interest between the local producers and banks.
    Banks want global control of money.
    Local producers  were attached to their local crops.  ]]>     2021-11-17 20:37:02 UTC https://padlet.com/a01754069/p9crj7th0xqnidv8/wish/1897940513     Impact of the banking sector on the process of deindustrialization a01754069 https://padlet.com/a01754069/p9crj7th0xqnidv8/wish/1897946969 The banking class (dominating class) had the capacity to establish their interest in the law because of their power. Therefore, they decided to eliminated the corn laws that basically protect local farmers and their production. 
    After this the agricultural activities inside Great Britain started to collapse causing a crisis for the local producer, forcing them to emigrate to USA. ]]>     2021-11-17 20:40:57 UTC https://padlet.com/a01754069/p9crj7th0xqnidv8/wish/1897946969     Trade of drugs a01754069 https://padlet.com/a01754069/p9crj7th0xqnidv8/wish/1897956086 Great Britain forced China into opian wars to make legal the trade of drugs, to create more flow of money and have more economical domination.

    The flow of cash that british use for the credit came from the illegal trade of drugs. ]]>     2021-11-17 20:46:53 UTC https://padlet.com/a01754069/p9crj7th0xqnidv8/wish/1897956086     How British imposed their interest all over the world? a01754069 https://padlet.com/a01754069/p9crj7th0xqnidv8/wish/1897971732 Great Britain implemented an inversion strategy to pay for the technology development in sub-developed like Argentina, Brasil and Mexico.  ]]> 2021-11-17 20:57:11 UTC https://padlet.com/a01754069/p9crj7th0xqnidv8/wish/1897971732