C
ONCLUSION
239
While France could and did carry on the war if her trade fell due to
her ability to draw on the resources of conquered countries British
statesmen simply could not allow the economy to be a victim of French
Continental hegemony. It was widely recognised Britain’s ability to con-
tinue the war depended on foreign trade and especially exports of manu-
factured goods and it has been estimated if British trade fell by one third
then the capacity to carry on the war would have been greatly if not fa-
tally damaged.
51
Long-term borrowing and taxation, to pay for increasing
British war expenditure and to provide the means to subsidise European
allies, was the cornerstone of British fiscal strategy. This could only work
if British trade continued to flourish in a secure maritime environment to
provide the finance to fund ever increasing war expenditure.
Though Britain was willing to accept some spheres of influence
within Europe, France in Western and Central Europe and Russia in the
East, any actions which threatened the British Atlantic economy were
resisted with vigour. Moreover, Britain could not let her enemies steal a
march in these regions. The importance of opening new markets in
South America can only be viewed in this light and British interest in
overseas trade was entirely dependent on naval supremacy. Clearly Na-
poleon had short and long-term ambitions to contest British maritime
power through the acquisition of naval force and extensive rebuilding
plans. Attempts to prevent the Portuguese navy from falling into French
hands, and the subsequent blockade of the Russian fleet in the Tagus
were part of this. The British Atlantic economy could only be protected
by a chain of key strategic naval bases, allowing the Royal Navy to pro-
ject power. Some of these bases were in British hands, such as Gibraltar,
Malta, Bermuda and English Harbour in Antigua, but others were under
the control of other powers, such as Port Mahon, Palermo, Livorno and
of course Lisbon. The operations of British maritime commerce and the
Royal Navy, as Corbett noted, were dependent on such bases.
With Europe falling under French military and economic hegemony
during 1806-1808 the Talents and Portland administrations reacted
swiftly and decisively to safeguard the elements that were integral to Brit-
ish maritime power: a healthy and secure Atlantic economy, based as it
was on maritime commerce, protected by the supremacy of the Royal
Navy, and supported by a network of naval and commercial bases.
Though the Talents will still be criticised, and in some respects justifia-
bly, their policy towards Portugal was strikingly similar to that of the
Portland administration, which has received praise for its actions. Yet the