Economic Imperialism
Unit 6: c. 1750-1900
Main Ideas:
-
Europeans established export-oriented economies in their colonies to export raw materials & foods to Europe → Used to feed the European population & make industrial goods → Industrial goods sold in colonies for profit
-
Nations practiced economic imperialism in their colonies & organized the trade to give them a distinct advantage over their colonies
Economic Imperialism
Colonizers Practiced Economic Imperialism to Gain Profits at the Expense of the Colonies
Key Ideas:
-
Europeans established export-oriented economies in their colonies to export raw materials to Europe for the sole benefit of the Europeans
-
In Egypt, the British established a cotton industry
-
Rubber extraction in Amazon, Congo, and Malaya was an export-oriented industry established by Europeans
-
Europeans established a palm oil industry in West Africa
-
British established a cotton export industry in India
-
- European nations (+ US & Japan) practiced economic imperialism in their colonies to give the colonizers a distinct advantage over the colonies
- Britain & France used the Opium Wars to expand their influence into China → Grew Opium in India to export it to China for a huge profit
- Britain financed the Argentinian meat industry → Britain earned huge profits since Argentina exported lots of meat to Europe at Britain's benefit
- All the raw materials produced in the colonies were exported to Europe and gave the European colonizers an economic advantage since they were the ones profiting from the raw materials
- Cotton in British India
- Palm oil in West Africa
- Copper in Chile
- Opium in India & Middle East
- Rubber in Congo, Malaya, and Amazon