Question
'Industrialization gave birth to 'Imperialism'. Justify the statement with three arguments.
✓
Answer
'Industrialization gave birth to Imperialism':
- Imperialism as the ill-begotten child of industrialization.
- Other things beside, industrialization chiefly needed two things. One of them being the constant supply of rawmaterials and the other is that the finished goods be sold at the same speed.
- The industrialized countries had introduced heavy import duties as protective tariffs to check the import from other countries.
- Faced with the problem of finding new markets for their products, the producer nations chose such countries where industrialization had not yet reached.
- Hence a race for bringing those areas under their effective occupation or effective influence started among the various industrialized nations.
- As a consequence, Britain, France, Germany, Japan, etc. set up their colonies in Asia, Africa, South E America, etc.
- These colonies served their two purpose of being the suppliers of cheap raw materials and any market for their finished goods.
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