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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 ...
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).
A typical example of a colonial plantation was Providence Plantations, the first permanent European settlement in Rhode Island. [ 20 ] [ 21 ] Providence Plantations was established along the Providence River by Puritan minister Roger Williams and a small band of followers, who were fleeing religious persecution in Massachusetts Bay . [ 22 ]
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 .
A dual economy is the existence of two separate economic sectors within one country, divided by different levels of development, technology, and different patterns of demand. The concept was originally created by Julius Herman Boeke to describe the coexistence of modern and traditional economic sectors in a colonial economy.
A colonial empire is a state engaging in colonization, possibly establishing or maintaining colonies, infused with some form of coloniality and colonialism. Such states can expand contiguous as well as overseas. Colonial empires may set up colonies as settler colonies. [1]
Moral economy is a way of viewing economic activity in terms of its moral, rather than material, aspects. The concept was developed in 1971 by British Marxist social historian and political activist E. P. Thompson in his essay, "The Moral Economy of the English Crowd in the Eighteenth Century".