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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).
In some cases colonial powers paid a lot in military costs while private investors pocketed the benefits. In other cases the colonial powers managed to move the burden of administrative costs to the colonies themselves by imposing taxes. [59] Map of colonial and land-based empires throughout the world in 1914 Imperial powers in 1945
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 .
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.
For the French colonies, this meant the enforcement of the French penal code, the right to send a representative to parliament, and imposition of tariff laws as a form of economic assimilation. Requiring natives to assimilate in these and other ways, created an ubiquitous, European-style identity that made no attempt to protect native ...
Its economy was eventually surpassed by the United States in 1916. [13] The United Kingdom's involvement in the First World War and the Second World War damaged Britain's economic power, and a global wave of decolonisation led to the independence of most British colonies.
As Bonomi shows, the most distinctive feature of colonial society was the vibrant political culture, which attracted the most talented and ambitious young men into politics. [99] First, suffrage was the most generous in the world, with every man allowed to vote who owned a certain amount of property. [100]
The New Map of Africa (1900–1916): A History of European Colonial Expansion and Colonial Diplomacy (1916) online free; Hopkins, Anthony G., and Peter J. Cain. British Imperialism: 1688–2015 (Routledge, 2016). Mackenzie, John, ed. The Encyclopedia of Empire (4 vol 2016) Maltby, William. The Rise and Fall of the Spanish Empire (2008).