Impact Of Imperialism Essay
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Impact of Imperialism
Imperialism had a big impact on both the Western and Non-western countries. During the age of Imperialism a truly global economy emerged. The western industrialized nations dominated, especially the United States, Britain, France and Germany. These nations manufactured raw goods from the nonwestern continents such as: Africa, Asia, and Latin America. The majority of the profits from this global exchange went to the western powers.
There was a new money economy during the Age of Imperialism. Western capitalists urbanized mines and plantations, which were reliant on local labor. Colonial rulers replaced the old exchange system with a new money economy. To cover government expenses, many taxes were imposed on their subjects. The only way subjects could earn money was through labor, such as: plantation work, mining, and government jobs. Many men became migrant workers, which left the women at home to do the planting and support the children.
The less prevailing countries became very dependent on their industrial superiors. Traditional economies were disrupted by mass production. Goods were produced cheaper and gave a wider assortment, which wiped out Indian neighbors, who made hand made cloth. Artisans and handcraft industries were destroyed because they could not compete with the mass production prices.
One benefit of colonial rule was modernization. Westerners created the basis for modern banking systems. New technology was also established including communication and transportation networks. Capitalists helped boost the economy by investing vast sums in railroad building. From China to Chile, leaders and business people benefited. Many countries, for example, used export profits to develop industry and buy innovative farm equipment to endorse growth.
Westernization was also known as modernization of less up to date countries. As westerners conquered other lands, they pressured their people to accept...
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