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Economic Imperialism
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Transcript
What is Economic imperialism?
- The stronger nation attempts to control the economy of the weaker nation
- Exploits them for economic gain
- Desire to control global trade and commerce
5.2.I.E:
British and French in China:
The Opium Wars
In other parts of the World, industrialized states practiced economic imperialism(such as British and French expanding their influence in China through the Opium Wars, or British and the United States investing heavily in Latin America).
- First Opium War:
- Demand for Chinese tea grew in Britain
- Smuggled Opium in China & wanted China to openly trade
- Sent gunboats to attack several coastal cities in China
- The first Opium War
- Treaty of Nanjing (1842) and the British Supplementary Treaty of the Bogue (1843), (Unequal treaties).
- The ports of Guangzhou, Jinmen, Fuzhou, Ningbo, and Shanghai were to be open to all British trade, including opium
- Hong Kong ceded to Britain
- 2nd Opium war:
- Joined in the second Opium War
- Attacked the Chinese port cities of Guangzhou and Tianjin
- John Ward achieves diplomatic negotiations with china
- Treaty of Tianjin signed:
- More ports open
- Christian Missionaries allowed
- Opium legalized
British and United States in Latin America
- Latin America needs money to Modernize and Industrialize
- Latin America becomes "Enslaved" to other Countries(U.S and Britain)
- Europe Penetrated Latin America
- Dependent Development
- $161 Million foreign investment (Rail roads)
- Raw materials, food products( Silver, Copper, Wild rubber, Coffee, etc.), from Latin America(Export BOOM!)
Economic Imperialism
By:
Robel Ayalew
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