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Post Colonial Economies

After colonization most African nations were centered on a few or one commodity, it was usually a agricultural or mineral resource. Economist classify the nature of this economy as mono-economics.

-In essence, African's inherited underdeveloped commercial, transportation and communication infrastructures. Without these developments it is not probable that the leaders of the country could run a stable economy.

Pre-Colonial Economy

Imports and Exports & Taxes Imposed by European nations

Countries not Colonized & Joys of Motherhood

Ethiopia and Liberia were not colonize, one reason why the Italians had a different time colonizing the Ethiopians is because of the terrian.

See Handout for discussion on Joys of Motherhood

-Colonization of Africa goes as far back as the Phoenicians and Greeks colonizing parts of Northern Africa.

-Before the colonial era,which begin around 1880, the Portugese were the first European nation

-Develop trade relation along the western and southern regions of Africa dating back to the late 15th century. The Portuguese were charting a route along the west African coastline to India, Bartolome De la Casa completed the route by sailing around the Cape of Good Hope in....These early trade relations laid the platform for the Atlantic Slave trade and ultimately the Colonization of Africa.

-The Atlantic Slave trade is were slaves, gold, ivory, salt, etc was brought by the Europeans in exchange for cheaply manufactured fire arms. The Atlantic slave trade destroyed the human capital in some regions. Approximately 9.5 million slaves were taken from Africa and sold to European colonies in the Americas. The Atlantic Slave trade had a long-term debilitating impact on the African economic development.

Due to Industrialization new industries were created to feed European Industrialization efforts. Europeans wanted to import goods such as palm oil, rubber, cotton, precious metals, spices, etc in order to export manufactured products.

Mercantilism, is the idea that a nation's existence depended on power, and power depended on wealth. Wealth was acquired through the exploitation of territories. In African colonies provided an abundant source of raw materials for European nation's, those raw materials were sent to their "Mother Country." Then these goods were manufactured, and sold to the colonies. The majority of the profit went back to the Mother country.

-To enforce mercantilism European nations imposed tariffs and taxis. If colonies refused to obey the Mother Countries demands then violence followed. Specifically, the British passed the NAVIGATION ACTS, (Insert a short quote from this Act) In short, these acts were designed so that England could control the transactions in its colonies. These laws primarily forced the colonies to trade only with England.

The Berlin Conference of 1884

the Berlin Conference of 1884–85 regulated European colonization and trade in Africa during the Imperialism. The Portuguese called for the assembly and organized it was by Otto von Bismarck, first Chancellor of Germany. The conference can be seen as the formalization of the Scramble for Africa.

The Structure of the Colonial Economy

-In Colonial Africa there was three type of economies: The first being the (Peasant-Statist regimes known all over west Africa and parts of East Africa) the primary commodity was the export of enclaves.

-The second economy was the (settler economies that developed plantations using huge labor reserves in eastern regions and Southern Africa) plantation agriculture was controlled by European settlers that they took from the indigenous people.

-The last economy was the chartered companies, such as those in the Congo. These economy's involved mainly mining, there was little regard for agriculture, and no development in social or political affairs

Colonial Economy of Africa

by Whitney & Jajuan F. Chain

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