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Colonialism's core meaning is the exploitation of the valuable assets and supplies of the nation that was conquered and the conquering nation then gaining the benefits from the spoils of the war. [139]: 170–75 The meaning of imperialism is to create an empire, by conquering the other state's lands and therefore increasing its own dominance ...
A number of modern economic historians have blamed the colonial rule for the state of India's economy, with investment in Indian industries limited since it was a colony. [21] Under British rule, India experienced deindustrialization .
Colonization (British English: colonisation) is a process of establishing occupation of or control over foreign territories or peoples for the purpose of cultivation, exploitation, trade and possibly settlement, setting up coloniality and often colonies, commonly pursued and maintained by, but distinct from, imperialism, mercantilism, or colonialism.
The economic history of the United States spans the colonial era through the 21st century. The initial settlements depended on agriculture and hunting/trapping, later adding international trade, manufacturing, and finally, services, to the point where agriculture represented less than 2% of GDP .
Eventually, it was a dispute over the meaning of some of these political ideals (especially political representation) and republicanism that led to the American Revolution. [84] Another point on which the colonies found themselves more similar than different was the booming import of British goods.
The influx of precious metals to the Spanish monarchy's coffers allowed it to finance costly religious wars in Europe which ultimately proved its economic undoing: the supply of metals was not infinite and the large inflow caused inflation and debt, and subsequently affected the rest of Europe.
These plantations played a large role in developing the Northern economy in opposing lines from the plantation-based economy of the American South. Compared to the large-scale cash crop plantations which underpinned the Southern economy, plantations in New England were small-scale, and meant mainly for subsistence purposes rather than profit ...
A map of British India in 1909. The Great Depression in India was a period of economic depression in the Indian subcontinent, then under British colonial rule.Beginning in 1929 in the United States, the Great Depression soon began to spread to countries around the globe.