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A factory entrepôt, a basic example of colonialism illustrating its different elements, hierarchies and impact on the land and people (the Dutch V.O.C. factory in Hugli-Chuchura, Bengal, in 1665) Colonialism is the advancement of control over and exploitation of land and people by separation, through another and often foreign group.
Though the colonial boundaries sometimes caused internal strife and hardship, some present day leaders benefit from the desirable borders their former colonial overlords drew. For example, Nigeria's inheritance of an outlet to the sea — and the trading opportunities a port affords — gives the nation a distinct economic advantage over its ...
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 .
Extractivism is a result of colonial thought which places humans above other life forms. It is rooted in the belief that taking from the earth will create abundance. Many Indigenous scholars argue that extractivism opposes their philosophy of living in balance with the earth and other life forms in order to create abundance.
Examples of known pacts are the one between Portugal and Brazil (colony), and countries in Europe that had colonies in America. [3] The colonial pact limited the economic activities of the colonial elite. On the one hand, the colonized could only sell their products to merchants approved by the colonizing nation, which did not guarantee them ...
The local economy in the Balls and southern colonies was characterized by the headright, the right to receive 50 acres (200,000 m 2) of land for any immigrant who settled in Virginia or paid for the transportation of an immigrant who settled in Virginia (51.342 acres (207,770 m 2) per head).
Internal colonialism is the uneven effects of economic development on a regional basis, otherwise known as "uneven development" as a result of the exploitation of minority groups within a wider society which leads to political and economic inequalities between regions within a state.
Historically, the very idea of the economy, as advanced by the likes of Adam Smith, was conceived of based on a national economy, which ignored the colonial processes taking place at the time. [24] The social sciences in general have based explanations of capitalism in a historical context that does not consider colonialism as central to the ...