=428. Trade with British dependencies: India.=—In 1850 between one
fourth and one third of the exports of the mother country were sent to
British dependencies. Among these British India, almost a continent
itself if we consider its area, its population almost equal to that
of Europe, and the complexity of its peoples, took the leading place.
British India alone took about one tenth of the English exports. So
long as the trade with this country was controlled by the East India
Company it remained small; and the company declared that because of
the backwardness and peculiar customs of the natives it could not
be increased. The privilege of trading with India was granted to
individual merchants in 1793, but under such burdensome restrictions
that it led to slight results; and the nineteenth century opened
with the Indian trade still but a small item in England’s total. In
1813, however, the trade was at last thrown open, and the effect was
immediately manifest; in the first year of the new policy private
merchants exported more than did the company, and soon they had
developed the trade to an extent undreamed of by the monopolists. India
proved to be just the country which English merchants were seeking as a
market for the expanding cotton manufacture. In the eighteenth century
protection was demanded in England against the competition of Indian
textiles, but soon the tables were turned, and manufacturers in India
complained that they were being ruined by the importation of English
cotton goods; about 1850 British India took more cotton manufactures
than any other country, and nearly one sixth of the total exports of
this most important commodity of England.
=429. Colonies in North America and Australasia.=—Next in importance
to British India came the two groups of the North American and the
Australian colonies. The colonies on the continent of North America
were, in spite of their political allegiance, a far less important
market than the republic on their southern border which had declared
its independence in 1776. They supplied, however, a fairly steady and
a growing demand for English products which put them in sharp contrast
with the West Indian colonies. These island colonies had been, in the
early part of the century, the field of rich returns in trade, but
their productiveness depended on a system of slave plantations, and
when slavery was abolished in them in 1833 their commerce declined
rapidly.
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