SSC MTS EXAM

Detailed explanation-1: -ECONOMIC motives included the desire to make money, to expand and control foreign trade, to create new markets for products, to acquire raw materials and cheap labor, to compete for investments and resources, and to export industrial technology and transportation methods.

Detailed explanation-2: -Because the Industrial Revolution increased the production capacity of Western states astronomically, there was an enormous hunger for raw materials to satisfy demands. Thus, the Western powers sought colonies where raw materials were abundant and where they could be appropriated at little to no cost.

Detailed explanation-3: -In the 19th century, economic imperialism allowed industrialized American and European economies to gain significant power and influence over the economies of the non-industrialized nations.