What economic advantages did the Europeans gain from their conquests in the new world - Essay Example

Download file to see previous pages The 19th century can be attributed to the big boost in regards to the economic power experienced by the countries within Europe. This is the time that colonization was taking effect. It is during this time that countries such as Britain, Germany, Italy as well as France emerged as powers entailing industrialization and as such, due to this industrialization, the population in respective countries became high and production rose. During this colonialism era, social Darwinism was becoming increasingly popular and as such, it was natural that these four economic super powers were engaging themselves in fierce competition towards survival. The driving force that led to colonization by these countries was to strengthen themselves in an effort towards securing a competitive edge in regard to the underlying competition between them (Milios 2004).
The main reason behind colonialism, regardless of the country colonizing, was to exploit their subjects as well as the individuals who were residing within the boundaries of the colonies in an effort towards generation of the colonizer’s wealth in regards to the economy for the colony as well as the corporations of that colony. The push for generation of the economic power is what led to the presence of slavery, particularly in Africa. People within the colonies being colonized became subjected to coerced labor, that is, slavery or a system of labor characterized by indent. Most of the areas, which were being considered vast in regard to the natural habitats, became cleared and as such, they were being transformed into monoculture plantations (Milios 2004). Therefore, this paper will put a focus on the colonialism endeavors in regard to the European countries during their conquest of the new world and thereby establish what economic gain that these countries actually achieved out of this conquest. In addition to this, the paper will also access the driving force that led to the European countries ...Download file to see next pagesRead More