How did Singapore become a trading post?

Raffles, then the Lieutenant-Governor of Bencoolen (now Bengkulu) in Sumatra, landed in Singapore on 29 January 1819. Recognising the immense potential of the swamp-covered island, he helped negotiate a treaty with the local rulers and established Singapore as a trading station.

Why did Singapore become a trading port?

Singapore’s excellent location along the Maritime Silk Road meant it was easy for traders to stop by with goods. When Singapore was set up as a free port in 1819, it allowed goods to be traded freely without anyone having to pay heavy fees.

How did Stamford Raffles manage to set up a trading post in Singapore?

With the Temenggong’s help, Raffles smuggled Tengku Hussein to Singapore. He offered to recognize Hussein as the rightful Sultan of Johor, and provide him with a yearly payment; in return, Hussein would grant the British East India Company the right to establish a trading post on Singapore.

Why is Singapore so rich?

Singapore’s rise to the top was attributed to its advanced technological infrastructure, availability of skilled labor, favorable immigration laws, and the efficient way in which new businesses can be set up here.

Why is Singapore port so successful?

The Port of Singapore holds the title of world’s busiest container port because it handles the largest amount of total shipping tonnage. … Singapore’s strategic location has also helped in making it such a giant in the shipping industry. 20% of the world’s transshipment trade passes through the Port of Singapore.

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Who bought Singapore in 1819?

Signing the 1819 Treaty – On 6 February, 1819, a treaty was signed between Sir Stamford Raffles, Temenggong Abdul Rahman and Sultan Hussein Shah of Johor, allowing the British East India Company (EIC) to set up a trading post in Singapore.

Who named Singapore?

However, the original legend was that a long time ago, a 14th century Sumatran prince spotted an auspicious beast upon landing on the island after a thunderstorm, which he was told was a ‘lion’. Thus, the name Singapore comes from the Malay words “Singa” for lion and “Pura” for city.

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