U2 Definitions & Examples

Economic Ideas Behind Imperialism

Imperialism

A policy of extending a countries influence and power through diplomatic or military force


Ethnocentrism

The act of judging another culture by values, standards, and norms of another’s culture, often leading to the belief that one’s culture is better than the other.


Eurocentrism

A worldview that positions European culture, history and values above all other parts of the world, and that they are the superior standard for everyone else.


Motivations Behind Imperialism

Economic:

Imperialism would give economic advantages to the mother country and the colonies

  • Eg. The fact that tea was to popular that it helped the Indian economy as well as the British economy (British people had tea). Great Britain also promoted and sold tea across Europe and around the world


Strategic:

Acquiring colonies ensured the protection of the mother country and in strategic places, protect transit lines and lines of communication

  • Eg. The Suez Canal: to ensure easy access to India, it was important to control Egypt.

  • The Panama Canal


Colonization:

Nations searched for places to put extra population.

Some people wanted to search for better lives and sometimes freedom from religious oppression.

Some were forced to leave because they were criminals

  • Eg. Australia


Religious:

Some felt it was their duty to convert other people to their religion (christianity)


Paternalistic/Humanitarian:

  • A condescending belief that it was their duty to help a colony with political and economic organization.

  • Idea of Social Darwinism - warped the view of Charles Darwin’s idea: Belief that the human race was in evolution and that the “white race” was the most developed


Mercantilism

The idea that the state or government should develop a countries wealth by seeking new markets for resources that they could bring back to transform and sell

  • Was popular in 16th-19th century Europe

  • Seeking new markets usually involves taking land for resources (imperialism, colonialism)

  • State Controlled


Examples

  • The Fur Trade

    • England found new land and colonized it to take its resources (beaver pelts) they then returned them to the home country to process these resources (turn into hats) to sell.

  • The Tea Trade (India)

    • Europeans colonized India to take back and sell tea


Capitalism

The idea where private companies and individuals produce and sell goods in response to demand (rather than government control)


Key values:

  • economic competition without interference

  • personal responsibility (government can’t always help you - like socialism)

  • consumerism

  • freedom - free trade


Adam Smith (capitalist)

  • Economist

  • Seen as a champion of capitalism (laid the foundation for capitalism)

  • felt that the economy would naturally grow if the government did not intervine

  • The search for individual profit is a key motivator

  • Against monopolies


Industrialization

The change in production from a domestic to factory system

  • Result of a manufacturing increase in society

  • Countries went from rural and agrarian (an area that cultivates land) to urban and industrial

  • First happened in Great Britain

  • Helped create conditions that fuelled imperialism (they needed resources)


Karl Marx (communist)

He was an economist

In response to the problems of the industrial revolution (low wages, bad working conditions…), he developed the ideas of socialism and communism

Karl Marx believed that workers are exploited by capitalists (rich get richer, poor get poorer)


He called for a violent revolution against the capitalists, overthrowing the whole system


How These Relate

  1. For mercantilism to work, europeans needed to colonize for resources

  2. Europeans needed to use force to take these colonies (imperialism)

  3. Industrialization came along and required much more resources than before (stronger need for imperialism)

  4. Industrialization fed Capitalism (replaced mercantilism)

    • Factories were privately owned

    • Investors (individuals) funded production

    • More accesible production meant more competition

    • Governments began to give more control to the people