COLONIALISM AND IMPERIALISM
COLONIALISM AND ITS ANALYSIS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True
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False
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Either A or B
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None of the above
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Detailed explanation-1: -Colonization vs Colonialism Colonization: is the action or process of settling among and establishing control over the indigenous people of an area. Colonialism: is the policy or practice of acquiring full or partial political control over another country, occupying it with settlers, and exploiting it economically.
Detailed explanation-2: -Major industry for the colony included Agriculture (fishing, corn, livestock), Manufacturing (lumbering, shipbuilding).
Detailed explanation-3: -These companies pursued the economic opportunities afforded by the natural resources abundant in this “New World.” The economy in the colonies, which varied regionally, was mostly centered around agriculture and exporting materials back to England.
Detailed explanation-4: -Mercantilism was a popular economic philosophy in the 17th and 18th centuries. In this system, the British colonies were moneymakers for the mother country. The British put restrictions on how their colonies spent their money so that they could control their economies.