How Much Money Did The British Empire Have?

Was the British Empire profitable?

The real profit was in the opportunities secured for the British economy.

And the market had bountiful resources to exploit for British companies.

This contributed to England becoming the centre of wealth and economic development for centuries, while continental European empires were lagging behind..

How many did the British Empire kill?

1 million peopleSo, in total, over 290 years, Britain (and the Empire) probably ‘killed’ about 1 million people.

Who is richer Germany or UK?

Right now, Germany is by far the biggest, with a GDP of $3.6 trillion. France stands at $2.7 trillion, the UK at $2.2 trillion, Italy at $2.1 trillion. If you count Russia as part of Europe, it slots into the table between us and the Italians. But over time, those positions have moved around.

Did everyone benefit from the British Empire?

Everybody in British society benefited — from Colonialism; it is just that some did more than others. Those who benefited can be divided into four groups in order of their share: Shareholders and investors of ventures in the colonies. Colonial administrators working in the Colonies.

Which country British looted the most?

IndiaThe British drained India of $45 trillion between 1765 and 1940.

How much money did the British Empire make?

Drawing on nearly two centuries of detailed data on tax and trade, Patnaik calculated that Britain drained a total of nearly $45 trillion from India during the period 1765 to 1938. It’s a staggering sum.

Why is UK so powerful?

Britain became powerful through its businesses that invested in the colonies. These businesses ensured that extra capital flowed through Britain, which in turn kick started the industrial revolution, which again allowed more capital to flow through Britain.

How much was the British empire worth?

British Empire: $683.3 billion (£542.8bn) The empire on which the sun never set, the British Empire was the largest in history for over a century and encompassed almost a quarter of the world’s territories and population at its peak.

What was Britain’s most profitable colony?

The sugar colonies were Britain’s most valuable colonies. By the end of the eighteenth century, four million pounds came into Britain from its West Indian plantations, compared with one million from the rest of the world.

How did Britain profit from the British Empire?

British traders made fortunes from ships freighted with opium off the coast of China. They helped themselves to the riches of India. … Britain became the world capital of money. On London’s trading floors, speculators bought and sold commodities from all corners of the Empire.

Which was the richest country in 1700?

By 1700, Mughal India had become the world’s largest economy, ahead of Qing China and Western Europe, containing approximately 24.2% of the World’s population, and producing about a quarter of world output. Mughal India produced about 25% of global industrial output into the early 18th century.

Which was the richest country in history?

You’ve certainly read about the top country in history books.CountryRich History RankOverall Best Countries RankEgypt145Italy216Greece329China4206 more rows•Dec 14, 2017

What made the British Empire so rich?

British traders made fortunes from ships freighted with opium off the coast of China. They helped themselves to the riches of India. They planted new crops in their expanding colonies, like rubber in Malaysia. The key factor in the development of the Empire however, was the demand for sugar.

Was India a rich country before British rule?

Before British Rule (1858) Before the British ruled in India the East India trade company came to rule while India was very weak, The company made India one of the wealthiest countries in the world. They Brought trade and influence into the country basically owning the global textile trade.

Did Britain rule the world?

At its height it was the largest empire in history and, for over a century, was the foremost global power. By 1913 the British Empire held sway over 412 million people, 23% of the world population at the time, and by 1920 it covered 35,500,000 km2 (13,700,000 sq mi), 24% of the Earth’s total land area.