Opening of Suez Canal in ____ significantly reduced the cost f transpo...
The Suez Canal is an artificial sea-level waterway in Egypt the Mediterranean Sea through the Red Sea via the Gulf of Suez. Construction began in September 1859 and was completed in November of 1869, 10 and a half years later. The Suez Canal is around 190 km in length.
View all questions of this test
Opening of Suez Canal in ____ significantly reduced the cost f transpo...
Opening of Suez Canal in 1869 significantly reduced the cost of transportation of goods between Britain and India
Background:
The Suez Canal is an artificial sea-level waterway in Egypt, connecting the Mediterranean Sea to the Red Sea through the Isthmus of Suez. It was opened for navigation on November 17, 1869, after a decade of construction, and it significantly reduced the time and cost of transportation of goods between Europe and Asia.
Impact on transportation:
The opening of the Suez Canal had a significant impact on transportation as it provided a direct waterway between Europe and Asia, bypassing the long and treacherous route around the southern tip of Africa. The canal reduced the distance between Europe and Asia by 7,000 kilometers, which significantly reduced the time and cost of transportation of goods between these two continents.
Impact on trade:
The opening of the Suez Canal had a profound impact on international trade as it facilitated the movement of goods between Europe and Asia. The canal provided a faster and cheaper way to transport goods, which increased trade between these two continents. The reduction in transportation costs led to an increase in the volume of trade, which in turn boosted the economies of the countries involved.
Impact on British India:
The opening of the Suez Canal had a significant impact on British India as it provided a faster and cheaper way to transport goods between India and Britain. Before the opening of the canal, ships had to travel around the southern tip of Africa, which was a long and treacherous route. The opening of the canal reduced the time and cost of transportation of goods between India and Britain, which boosted trade between these two countries.
Conclusion:
In conclusion, the opening of the Suez Canal in 1869 significantly reduced the cost of transportation of goods between Britain and India. The canal provided a faster and cheaper way to transport goods, which increased trade between these two countries. The reduction in transportation costs led to an increase in the volume of trade, which in turn boosted the economies of the countries involved.
Opening of Suez Canal in ____ significantly reduced the cost f transpo...
I will explain it in bit simple words .. As for export of raw materials to Britain from India . Britishers had to travel so long which takes lot of of time with ship .. So an artificial cannel was established from India to Britain .. Hope you understant...
To make sure you are not studying endlessly, EduRev has designed Commerce study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in Commerce.