WORLD HISTORY

Detailed explanation-1: -Therefore, imperialism is the highest (advanced) stage of capitalism, requiring monopolies to exploit labour and natural resources, and the exportation of finance capital, rather than manufactured goods, to sustain colonialism, which is an integral function of imperialism.

Detailed explanation-2: -Lenin’s famous summary of his views is Imperialism: The Highest Stage of Capitalism (1917). Marx said that capitalism, driven by its three laws, would come to revolutionary crisis and suffer internal class revolt, paving the way for the transition to socialism.

Detailed explanation-3: -There is a close relationship between imperialism and capitalism in the sense that imperialism expands the profit of the capitalists to help by capturing the market and natural resources.

Detailed explanation-4: -Between 1900 and the end of World War I, the concept of imperialism developed among Marxist thinkers and activists to denote the contemporary expansion of formal colonial empires and the intense conflicts over that expansion among particular capitalist industrialized countries.