Economics effects of Colonialism.

Colonization has been used byout history as a operator of expansion in the pursuit of net profit and power. The make of colonization done the view of the colonizers were one of firing strike and progression. They viewed their practices, and needs as the top priority and justified it through their ethnicity, religion and technological advancement. For the colonized their structure of society and their life-style were essentially overhauled by the colonizers. The frugal, sociable and ethnic effects of such(prenominal) change are visible in to solar days society. The current economical and societal globalization is an advent of past colonization. The relationship in the midst of colonizers and the colonized is still reflected in present day society, and puke be more promptly viewed in the economic, social and cultural changes. The economics effects of colonialism began with the introduction of the capitalistic wander to the colonies. Pre-colonial nations did not is sue more then what they take nor did they elevate a surplus. However colonization changed the economic system in order to garner surpluses for the ruling elite and the bucolic ruler. As such, under colonialism, third world countries were obliged to produce for European needs as well as for their take in in order to obtain currency.

This currency was needed to go the taxes imposed on them by the colonisers and to buy European goods (Bernstein, Johnson and Thomas, 1992, p.192). As Europeans took over land and which had previously not been owned by individuals, and introduced property systems, money was also nee ded for rent or purchase of land (Bernstein,! Johnson and Thomas, 1992, p.198). In this way, European currency began to be used in the economies of the third world, some of which had been formally habitation on barter. Colonialism was the beginning of the world currency system prevalent today. In addition the capitalist system created... If you expect to nominate a full essay, order it on our website: OrderCustomPaper.com

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