WORLD HISTORY

Detailed explanation-1: -Mixed Economies: Most colonial economies in Africa are called mono-economies by economists. This indicates that the colonial economies were dependent on mining, settler agriculture, or the small scale production of a single cash crop.

Detailed explanation-2: -During this time, many European countries expanded their empires by aggressively establishing colonies in Africa so that they could exploit and export Africa’s resources. Raw materials like rubber, timber, diamonds, and gold were found in Africa. Europeans also wanted to protect trade routes.

Detailed explanation-3: -Colonialism made African colonies dependent by introducing a mono-cultural economy for the territories. It also dehumanized African labour force and traders. It forced Africans to work in colonial plantations at very low wages and displaced them from their lands.

Detailed explanation-4: -The policies of colonialism forced the demise of African industry and created a reliance on imported goods from Europe. Had native industry been encouraged and cultivated by the colonizing powers, Africa would probably be in a much better economic and technological position today.