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Long Term Economic Effects of Imperialism
Transcript of Long Term Economic Effects of Imperialism
Britain declared war against China after they had destroyed the Opium and the ships carrying the drug.
After the Chinese were defeated in the first Opium war, China gave Britain access to their naval ports as Britain continued to take huge amounts of China's valuable resources and set them up for economical disaster for years to come.
After the second Opium War between the two countries, Britain ceded Hong Kong Island (robbing China of even more resources and exportable goods) and were allowed trade access to more ports. Imperialism in China Map of Politically divided India Background Info Imperialism drained India's wealth. It destroyed India economically and politically. India became dependent due to imperialism. It destroyed India's handicraft and small scale industries. The imperialistic powers treated India as a place to extend their power. Imperialism gradually destroyed India. While destroying India economically and politically, imperialism also had some good effects on India. With the spread of imperialism and colonialism , foreign powers took an interest in India and thus introduced new means of transport and communication. Modern technology and education were also introduced. Causes and Events of Imperialism Causes:
Sea lanes opened between India and China
Profitable natural resources
Expansion of Christianity
Search for supply bases in the Pacific
The British annex Burma
The French seize Indochina
U.S gains control of Philippines
U.S, Britain, France, and Germany claim nearly every island in the Pacific Map of Asia in 1914 European Imperialism in Asia saw significant economical change as the colonies such as the Dutch, English, German, and French expanded into much of Asia, especially China and India. As imperialism became more and more common in all of Asia, modernization came with it. Modernization surprisingly made a large contribution to the drastic changes in the Asian economy. Heavy technological advancements and the establishment of schools and hospitals in many Asian civilizations made up for the negative effects the Europeans had on the economy of Asia as a whole. The picture to the left illustrates the effect of modernization on a developing country (such as China or India) and in turn implies that modernized civilizations will have a stronger economical future. Conclusion: The Overall Outcome of Asia's Economy after European Imperialism European imperialism in Asia had many effects on both Europe and Asia, both positive and negative. Colonies expanded into India and China especially in hopes of gaining their valuable resources for themselves, but at the same time, many Asian countries saw modernization for their own betterment. For example, India developed hospitals while foreigners were present. New forms of communication, transportation, technology, and education were developed as well. On the contrary, Britain defeated China in war repeatedly after China interrupted their economic gain, allowing them to harness their resources freely and slowly ruin China's economy. Similarly, India was forced to rely independently after their small scale industries were useless after European expansion. Overall, the bad outweighed the good in terms of future economical prosperity for Asia.