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A Laissez - Faire Empire
Policy followed by Liberals but also some Conservatives
The debate in the 19th Century was over Free Trade or Protectionism
The British Economy was the only advanced Industrial nation in the world.
Its products were wanted and needed all over the world.
Therefore Britain encouraged Free Trade and used the Navy to ensure this
- Eg in South America Free Trade was the price of British aid in overthrowing the Spanish.