9-06

9-06 - The Colonial System I What factors precipitated...

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The Colonial System
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I. What factors precipitated colonial conquest? A. Economic 1. competitiveness of international trade leads to the emergence of neomercantilism —a set of economic policies to protect the fledgling industries of Europe and America
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a. European countries used their colonies as markets for their manufactures. They established monopolies whereby the colonized country could only purchase products from the colonial power
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b. the colonized countries also became a source of the raw materials—cotton, palm oil, rubber, minerals, etc.—that were the basis of European industrial production
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c. colonies are also a place to invest surplus capital generated by the capitalist system of production in Europe
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B. Political Factors 1. Nationalism: the no. of colonies a European nation acquired was a measure/symbol of its prestige and power
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2. Surplus population: Colonies were important outlets for resettling a large no. of unemployed and poor Europeans who
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This note was uploaded on 04/23/2009 for the course SC 039 taught by Professor Magubane during the Fall '07 term at BC.

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9-06 - The Colonial System I What factors precipitated...

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