HIST 122 Lecture 3: Protectionism, Imperials Rivalries and Colonialism
22 Apr 2016
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Slave trade ended; industrial revolution picked up pace, industrialization triggered inter and intra societal transforms. We have also seen how the transformation and consequent unemployment, poverty and search for new opportunities to political movements. How economic protectionism and rivalry among european powers was consequential. The scramble for africa and pseudo-scientific justification for imperial expansion. Consolidation of colonial rule in africa and asia. Sine early 17th century, the british east india company practically administered india and engaged in trade with china. o. Profit motive the most driving force behind this. It led to the 1840 opium war - about trading rights and trade balance. It also caused the 1857 great rebellion in india o o o o. First indian independence war, it shook the company to its base and india became the possession of great britain not just of a company. They needed resources from other countries that they did not own.
