Saturday, March 5, 2011

Economic Imperialism


During the Age of Imperialism, four main forms of control developed: colony, protectorate, sphere of influence, and economic imperialism.  In the practice of ecomonic imperialism, independent but less devoloped nations were controlled by private business interests rather than by other governments.  For example the Dole Fruit company controlled trade in Hawaii.  Under this form of controll Africa nations had more independence and could form their own governments, however they were only permitted to trade with the business that controlled their nation.  This usually resulted in economic benefits for the private businesses as they did not have to worry about competition.

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