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At the end of the 16th century, England and the Dutch Empire began to challenge the Portuguese Empire's monopoly of trade with Asia, forming private joint-stock companies to finance the voyages—the English, later British, East India Company and the Dutch East India Company, chartered in 1600 and 1602 respectively.
In 1984 the British government signed the Sino-British Joint Declaration with China and agreed to turn over Hong Kong and its dependencies in 1997. British rule ended on 30 June 1997, with China taking over at midnight, 1 July 1997 (at end of the 99-year lease over the New Territories, along with the ceded Hong Kong Island and Kowloon).
The British Empire refers to the possessions, dominions, and dependencies under the control of the Crown.In addition to the areas formally under the sovereignty of the British monarch, various "foreign" territories were controlled as protectorates; territories transferred to British administration under the authority of the League of Nations or the United Nations; and miscellaneous other ...
As a notable exception to the rest of the British Empire, the Act did not extend to any of the territories administered by the East India Company, including the islands of Ceylon and Saint Helena, [27] in which the company had been independently regulating, and in part prohibiting the slave trade since 1774; with regulations prohibiting the ...
In the end, the British Empire was defeated in the Revolutionary War and formally ceded parts of southwestern Canada to the new United States as part of the Treaty of Paris. During and after the Revolution, approximately 70,000 or 15% United Empire Loyalists fled the United States, with the rest of the 85% choosing to stay in the new nation. Of ...
The Balfour Declaration of 1926 recognised the evolution of the Dominions of the Empire into separate, self-governing countries within a Commonwealth of Nations. In the years after the Second World War, the vast majority of British colonies and territories became independent, effectively bringing the Empire to an end.
The following table gives gross domestic product (GDP) estimates of the British Empire and its territories in 1870 and 1913, as a percentage of the world economy and the empire's economy, along with comparisons to the United States and Russian Empire. The British imperial territory with the largest economy in 1870 was British India (including ...
In 1763, victory in the Seven Years' War led to the growth of the First British Empire. With defeat by the United States, France and Spain in the War of American Independence, Great Britain lost its 13 American colonies and rebuilt a Second British Empire based in Asia and Africa.