WORLD HISTORY

COLONIALISM AND IMPERIALISM

COLONIALISM AND ITS ANALYSIS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Europeans saw genuine wealth in a ____ economy.
A
Agricultural
B
Capitalist
C
Industrial
D
Socialist
Explanation: 

Detailed explanation-1: -Europe was the first of the major world regions to develop a modern economy based on commercial agriculture, industrial development, and the provision of specialized services.

Detailed explanation-2: -Detailed Solution. Plantation agriculture as mentioned above was introduced by the Europeans in colonies situated in the tropics. Some of the important plantation crops are tea, coffee, cocoa, rubber, cotton, oil palm, sugarcane, bananas and pineapples.

Detailed explanation-3: -Economic growth was facilitated by solidarity-centered trade unions, cohesive employers’ associations, and growth-minded governments-all legacies of Europe’s earlier history. For example, these institutions worked together to mobilize savings, finance investment, and stabilize wages.

Detailed explanation-4: -The agricultural sector is one of the main land users in Europe and thus shapes landscapes in rural areas. It has various direct and indirect impacts on the environment and is itself dependent on natural resources.

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