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The decolonization of Africa started with Libya in 1951, although Liberia, South Africa, Egypt and Ethiopia were already independent. Many countries followed in the 1950s and 1960s, with a peak in 1960 with the Year of Africa, which saw 17 African nations declare independence, including a large part of French West Africa. Most of the remaining ...
The economic history of Nigeria falls into three periods. They are the: pre-colonial, the colonial and the post-colonial or independence periods. [1] The pre-colonial period covers the longest the part of Nigerian history. The colonial period covers a period of 60 years, 1900-1960 while the independence period dates from October 1, 1960.
During this colonial time, the economy of Africa was re-arranged to serve Europe and Europeans, and the European industrial chain began in Africa and ended in European industrial warehouses. All of Africa would ultimately fall under European colonial rule by 1914, with the exceptions of Ethiopia and Liberia. [ 26 ]
Countries in Africa are sorted according to data from the International Monetary Fund. [1] The figures presented here do not take into account differences in the cost of living in different countries, and the results can vary greatly from one year to another based on fluctuations in the exchange rates of the country's currency . [ 2 ]
The principal aim of colonial rule in Africa by European colonial powers was to exploit natural wealth in the African continent at a low cost. Some writers, such as Walter Rodney in his book How Europe Underdeveloped Africa , argue that these colonial policies are directly responsible for many of Africa's modern problems.
The term post-colonialism is also applied to denote the Mother Country's neocolonial control of the decolonized country, affected by the legalistic continuation of the economic, cultural, and linguistic power relationships that controlled the colonial politics of knowledge (i.e., the generation, production, and distribution of knowledge) about ...
Thus, the colonial history in Africa becomes relevant as the decisions of European colonizers have impacted contemporary African economic and political structures. [citation needed] As a result, African institutions were impacted as well. Collectively, these theories from Levitsky and Murillo, North, and Arthur work to explain how colonialism ...
Some economists have argued that the slave trade increased African economic resources and therefore did not necessarily impede development, but others, notably historian Walter Rodney, have argued that by removing the continent's most valuable resource — humans — the slave trade robbed Africa of unknown invention, innovation, and production ...