Trade, The Foundation of the British Empire

 

The foundation of the British Empire was trade. Those who assert that the British, like other world empires, was based on military conquest against indigenous populations, ought to more closely inspect the historical record. The founding of that great colony, Singapore, at the southern end of the Malay peninsula is typical of how trade rather than military action laid the foundation upon which rose the Empire.

In 1819 the Dutch were paramount in the highly competitive East Indies spice trade. Sir Stamford Raffles was dispatched by the British East India Co. to establish a trading station ‘beyond Malacca’. He settled upon the 217 square miles, swampy, jungle-clad island of Singapore, the beaches of which were strewn with human skulls, the victims of pirates who used the island as a lair.

Raffles entered into an agreement with the Sultan of Johore, and the “chieftain” of the island providing for the cession of the site in return for an annual payment of $5000 to the former and $3000 to the latter. Within 6 months 5,000 souls has gathered under the British flag on the heretofore virtually uninhabited island. Prosperity has never ceased as the trading situation has grown to a city of 4 million.
   
   
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