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The British Overseas Trade - Case Study Example

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The paper 'The British Overseas Trade' presents overseas trade, slavery, war, and taxation that were linked together during the eighteenth century. In determining the interrelationship of the four, it is important to mention that Britain engaged in a long struggle with France…
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The British Overseas Trade
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Download file to see previous pages The interconnectedness of overseas trade, slavery, war, and taxation shall be addressed by this paper. It is important to note, however, that British colonialism had an influential role in the linkage among the four factors.
Alongside a renewed pressure with the unprecedented demands of war with revolutionary and Napoleonic France between 1793 and 1815 was the fiscal-military state of eighteenth-century Britain, in which taxation reached 20 percent of the national income of England.3 Taxes were normally between 8 and 10 percent throughout the 18th century. Along with the growing influence of Britain was a desire to protect strategic goods, encourage colonial trade or preserve domestic employment from foreign competition, which became issues of national, security and imperial preference. It was likewise important for Britain to establish its political life and to provide links between civil society and the state, which became the subject of the complex process of the brokerage with trade interests.4 However, success in Britain’s point of view did not only mean the availability of and increased flow of revenue but warfare as well, whereby large amounts were spent in a short period of time which far exceeded income. It may be inferred that Britain’s goal to pursue warfare specifically with its long-term rival France and the corresponding pursuit to sustain taxation were towards the attainment of a more heightened objective, which was colonialism.5
Such a trail towards colonialism is seen in Britain’s concentration on taxing policies witnessed in the fiscal system becoming more dependent on excise duties, with tariffs and stamp of wealth declining importance.6 Land tax was considered the most important direct tax in this period, which was seen to rise in line with rents, profits, and salaries. ...Download file to see next pagesRead More
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