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The Economic Taproot of Imperialism - Hobson
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Transcript
What is Imperialism?
Latin "imperium" means to rule over large territories
"a policy of extending a country's power and influence through colonization, use of military force, or other means"
- British economist
- social scientist
- critic of imperialism
- 1958-1940
- "Imperialism"
- Chapter V "The Economic Taproot of Imperialism"
Poverty, low living standards
What to do: raising wages or increasing public taxation and expenditure
How to do: Trade Unionism and State Socialism
modern
machine
methods
manufacturing
power
over-production + excessive savings
overproduction
workes
rich
for spending
new markets
trusts + combinations
=cut-throat competition
USA
America Brush Up
excessive
savings
Rockefeller, P.Morgan,
Hanna, Schwab
Republican party
presidency of Roosevelt
Why imperialism?
USA, UK, Germany, Belgium ....
Imperialism is not a choice,
but a necessity
Expansion is a necessity of life to a nation with our great and growing powers of production.
New markets?
- undeveloped countries
- in the tropics
- a lot of populations with growing economic needs
John Atkinson
Hobson
USA, How it led to imperialism?
Problem: demands of the home market is less than their capacity of production
The Economic Taproot of Imperialism
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