At the time when developed nations were colonizing less developed nations around the 1870s, the age of Imperialism began. Referring to the time were nations such as the United States, Germany, and Japan began to employ imperialist doctrines to their governance, yet imperialist tendencies had been around for centuries. Even before imperialism there was mercantilism, and colonialism, which consisted of an extension of a nation's sovereignty over territory and people outside its own boundaries, to facilitate economic domination over their resources, labor, and markets. As well, the arrival of traders, settlers, and the establishment of governing systems, which reinforced the “peripheral” status of colonies. (power point source).
There are also different phases of imperialism, there is high imperialism, which corresponds to the industrial revolution, and the second phase includes the use of new industrial power, creating high level of rivalry between high industrial powers. Imperial powers would ally themselves and aim their efforts in securing the territory, creating a new form of power, Imperialism being an imposition. Asia produces the majority of all the goods in the world, to go from an agrarian economy to an industrial economy through a surplus, that can later be used for industrial investments Triangular trade Patterns of imperial territorial acquisition A brief non-Eurocentric history: China, the Indian Ocean and the Arabian Peninsula.
Imperialism is part of the essential nature ...
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Cannan, Edwin. "Smith: Wealth of Nations." Library of Economics and Liberty. Google. Web. 27 Mar. 2015.
"Mercantilism." WNEC FACULTY/STAFF HOME PAGES. Web. 27 Mar. 2015.
Koebner, Richard. "Imperialism: The Story and Significance." Google Books. Google. Web. 02 Apr. 2015.
Emerson, Rupert. "Journal of Contemporary History." Http://iiiprxy.library.miami.edu:2086/stable/259788?seq=2. Web. 03 Apr.
Patrick, O'Brien. Mercantilism and Imperialism in the Rise and Decline of the Dutch and British Economies 1585-1815. 4th ed. Vol. 148. Web. 27 Mar. 2015.
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