POLI 354 Chapter : Pax Britinnica and Decline of the Free Trade - Power Money and Trade
18 Feb 2012
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Pax britannica and the decline of free trade. The political structure of the new unified german empire was dominated by prussia and. Junker s dominant position meant germany adopted low tariffs. y germany had a low capital to labour ratio compared to britain. Germany was not yet industrialized the country exported those goods made intensively with its locally abundant factors of production. In the 1870 s the new improved technology altered the competiveness of germany in various sectors y cheap grain flowed into europe from the plains of the u. s , canada russia and. Brismark s effort to protect the economic , political and social status of the junkers. Protect their income from grain production by establishing a protectionist tariff. Gathered a coalition uniting the conservative agriculturalist and the new industrial capitalist y offered a protective tariff to industry. the tariff united heavy industry and the.
