“New Imperialism” and “colonialism”
Define the concepts of “New Imperialism” and “colonialism” and analyze them in terms of motives, their methods, and their place in the development of the world economy? How was this new imperialism different from the previous European expansion?
Sample Solution
“New Imperialism” and “colonialism”
Colonialism is defined as control by one power over a dependent area or people. The concept of colonialism is closely linked to that of imperialism, which is the policy or ethos of suing powers and influence to control another nation or people that underlies colonialism. New imperialism is a period of intensified imperialistic expansion from the latter half of the 19th century until the outbreak of World War I in 1914. The renewed push to expand territorial control included not only the earlier colonial powers of Western Europe but also new comers such as German, Italy, Japan, Russia, and the United States. After years of rapid growth under free trade policy regimes, an international financial crisis hit much of the industrialized world in 1873. In response to the economic and social fallout of the crisis, states began taking a more proactive approach in managing their economic affairs. Both the new technology and the added competition contributed to the rapid speed of New Imperialism.
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