Economics effects of Colonialism.

Colonization has been used byout history as a instrument of expansion in the pursuit of net profit and power. The personal effects of colonization by means of the view of the colonizers were one of firing polish off and progression. They viewed their practices, and needs as the top priority and justified it through their ethnicity, religion and technological advancement. For the colonized their structure of society and their life style were essentially overhauled by the colonizers. The frugal, cordial and ethnic effects of such change are visible in to daytimes society. The current frugal and societal globalization is an advent of past colonization. The relationship in the midst of colonizers and the colonized is still reflected in present day society, and puke be more promptly viewed in the economic, social and cultural changes. The economics effects of colonialism began with the introduction of the capitalistic configuration to the colonies. Pre-colonial natio ns did not issue more then what they take nor did they make a surplus. However colonization changed the economic system in order to garner surpluses for the ruling elite and the bucolic ruler. As such, under colonialism, third world countries were obliged to produce for European needs as well as for their take in in order to obtain currency.

This currency was needed to play the taxes imposed on them by the colonisers and to buy European goods (Bernstein, Johnson and Thomas, 1992, p.192). As Europeans took over land and which had previously not been owned by individuals, and introduced property systems, money was also needed for rent or purchase of lan! d (Bernstein, Johnson and Thomas, 1992, p.198). In this way, European currency began to be used in the economies of the third world, some of which had been formally run aground on barter. Colonialism was the beginning of the world currency system familiar today. In addition the capitalist system created... If you expect to sign a full essay, order it on our website: OrderCustomPaper.com

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