WORLD HISTORY

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: -As a result of Britain, France, Germany, Japan etc. set-up their colonies in Asia, Africa and South America. These colonies served them both the purposes i.e. being suppliers of cheap raw materials and easy markets for their finished goods. Hence, it is correct that industrialisation gave birth to imperialism.

Detailed explanation-3: -Imperialism adversely affected the colonies. Under foreign rule, native culture and industry were destroyed. Imported goods wiped out local craft industries. By using colonies as sources of raw materials and markets for manufactured goods, colonial powers held back the colonies from developing industries.

Detailed explanation-4: -Imperialism led to the exploitation of natural resources of the colonies. The colonies were used as the suppliers of raw materials and markets for finished products. The colonies plunged into poverty and unemployment due to the disappearance of indigenous industries.