Advances in Economics, Management and Political Sciences

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Proceedings of the 2nd International Conference on Financial Technology and Business Analysis

Series Vol. 49 , 01 December 2023


Open Access | Article

An Analysis of the Financial Gains from Colonialism of Great Britain

Zhiyan Jiang * 1
1 Zhiyan Jiang BASIS International School Hangzhou, Hangzhou, 310000, China

* Author to whom correspondence should be addressed.

Advances in Economics, Management and Political Sciences, Vol. 49, 88-96
Published 01 December 2023. © 2023 The Author(s). Published by EWA Publishing
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Citation Zhiyan Jiang. An Analysis of the Financial Gains from Colonialism of Great Britain. AEMPS (2023) Vol. 49: 88-96. DOI: 10.54254/2754-1169/49/20230479.

Abstract

The British Empire is known for its large territory ranging all the way from the Americas to Oceania, with dozens of colonies that brought the empire great wealth and capacity to industrialize and mass produce. Based on data and information on the amount of British colonial production, this article focuses on calculations and estimations of the total colonial gain of the empire above. By estimating the amount of production in selected significant colonies, and then converting the results into the desired unit of measurement, a calculated value of colonial wealth can be achieved. The resulting values reveal that the British Empire is estimated to have generated more than 35 trillion British pounds, 56 million pounds of tobacco, 54 million tons of sugar, 173 million tons of rubber, 39 million tons of wool, and 26 million Terawatt hours of oil. Through calculations of the total colonial gains of the British Empire, the effect of colonization on the mother country and its influence on the modern world can be more easily and directly seen.

Keywords

colonialism, British Empire, financial gains

References

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Data Availability

The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.

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Volume Title
Proceedings of the 2nd International Conference on Financial Technology and Business Analysis
ISBN (Print)
978-1-83558-145-2
ISBN (Online)
978-1-83558-146-9
Published Date
01 December 2023
Series
Advances in Economics, Management and Political Sciences
ISSN (Print)
2754-1169
ISSN (Online)
2754-1177
DOI
10.54254/2754-1169/49/20230479
Copyright
© 2023 The Author(s)
Open Access
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited

Copyright © 2023 EWA Publishing. Unless Otherwise Stated