Imperialism
Looking at late 19th century world history we see that a prominent trend was that of non-Europeans being dominated by Europeans. There were a number of ways in which this domination took place such as economic penetration and by annexation. It seemed that there were few places on the planet that European adventurers, merchants, missionaries, or explorers couldn't get to. This activity is commonly called imperialism or colonialism, reflecting the fact that many countries, such as Great Britain established 'empires' and had colonies (The New Imperialism).
In examining the impact of imperialism, perspectives as to its value and/or utility have changed. If one had asked whether colonial was beneficial only a few decades ago, the answer would have been a definite no. However, after the failure of Soviet Union, and the conclusion of Cold War, there has been somewhat extensive discrediting of Leninist and Marxist analysis. As well as there are a lot of historian, politicians and scientists that seem more open to looking at the Nineteenth Century Imperialism in a more positive manner (The New Imperialism).
Niall Ferguson is a renowned historian according to whom the British Empire has been able to accomplish a great deal for the world. This is distinct from the previous generation of historians that Marxism poisoned. His wife, Ayaan Hirsi Ali, is a prominent speaker on the topic of international women's rights. According to Ferguson, the British Empire was "liberal," for the period, and they followed international law in keeping the seas open, a factor that ultimately helped the continuation of the free-trade flow. The majority of European expansion occurred during the last thirty years of the 19th century; one European power or another took control of different parts of Asia and Africa during the period from 1870 to 1900. From this perspective, it is important to remember that the United States (U.S.) can also be considered to be a cultural and economic outpost of Europe (The New Imperialism).
Given the extent of popularity of colonial expansion in the later years it may seem quite surprising to realize how futile the colonies were considered to be before 1850. For instance, Adam Smith argued that the supposed benefits of colonialism were outweighed by the burdens that they brought. Laissez faire economics was generally favored by liberal reformers, whereas, it did not seem that any colonies tied to the mother country were useful in terms of the global free-trade model. William Gladstone, the leader of the liberal party at this time, stated that ultimately the whole of the British Empire would dissolve. Speaking in 1852, Benjamin Disraeli agreed with Gladstone, making the famous declaration that "in some years all these worthless colonies will be independent and these are the millstones around our necks." As well, the experiences of the Spanish in Western Hemisphere certainly hinted that their colonial empire might soon end. A general feeling in Europe of the period was that colonies brought more trouble than good; it was recognized as being likely that one day the colonial population would revolt and start fighting for independence. Between the years of 1775 and 1875 more territory was lost by the Europeans than gained; this was due to the success of revolutions in Latin and North America (The New Imperialism).
Development
Industrial Revolution and consequences
The economic system of capitalism, investment, or use of money to generate profits, had a close relationship with the industrial revolution. Agriculture could be considered as the earliest kind of capitalism. Here land helped in the generation of wealth, and this wealth was then invested in the expansion and improvements of the lands. It was in a very gradual manner that market-oriented agriculture took over self-sufficient and localized agriculture. The late-medieval revival of cities gave rise to commercial capitalism; this was a great success due to trade, global exploration, and the colonization that began in the start of the 16th century. Prior to the 16th century, the authority of monarchs was determined, in part, by the relationship(s) that they had with the agrarian-military aristocracy. However, after commercial capitalism it was merchants who provided support to the monarchs. (Goucher, LeGuin and Walton) Investment of the capital present in industry began to be vastly expanded during the late 18th century; this was the period when agriculture and commerce were the major sources of capital. However as a result of this expansion, by the late 19th century industrial capital became the major type of capitalism. Big corporations, as well as large amounts of money, were entering economic activities due to finance capitalists; this resulted in the growth of the European states in Asia, Africa and America....
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