sps102%20Ind%20Rev%20II - financial and political control...

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Effect of the Industrial Revolution on the Non-European World 1) Europeanization of Earlier Empires Increase in productivity and advances in medicine lead to large population growth which in turn led to large scale emigration to South and North America, and Australia (starting 1760s). Whereas earlier settlements were on the coasts, now settlements moved inwards (railways, canals, telegraph, etc). 2) The New Imperialism “Greatest land-grab in the history of the world”; by 1914 most of the world had come under the domination of European countries, United states and Russia; economic,
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Unformatted text preview: financial and political control • Immense accumulation of surplus capital that needed new outlets, beyond Americas and Australia into Asia and Africa; • Industrial Revolution created demand for raw materials; investment for these required political control (petroleum, rubber, jute, various metals) • Other factors, among which “Social Darwinism”; belief that Europeans had superiority over the rest of the World • Different from “old imperialism”: This one fundamentally changed the economic and social structure of the colonized lands...
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