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Commerce
Relations and exchange
Exploitation
Denial of fair/ adequate compensation of resources’ value
Lobor theory of value
Value derives from the input of labor
intrinsic value
fundamental worth
Use value
practical utility or ability to satisfy human needs
Old World
Britain, Portugal, Belgium, Portugal, Dutch, Spain
New World
Africa, Asia, The Americas, The Caribbean
Colonization/ Impearism in Temperate zones
Colonizers move in and settle in the place they are invading, focusing on modernizing the area around them
Colonization/ Impearism in Tropical zones
Colonizers focus on extracting resources from the area they are colonizing as well as labor as a resource