Economic Imperialism and Global Trade

The video explores economic imperialism from 1750 to 1900, highlighting how foreign business interests reshaped global economies. It examines the impact on regions like India, China, Africa, Latin America, and Hawaii, detailing shifts in economic roles and exploitation. The legacy of this era is seen in modern economic systems, emphasizing the importance of understanding these historical dynamics.

What characterized the era of economic imperialism between 1750 and 1900?

• The rise of local businesses

• The end of colonialism

• The decline of global trade

• The dominance of foreign business interests

How did the Industrial Revolution affect India's textile industry?

• It transformed India into a supplier of raw cotton

• It caused a decline in British textile production

• It resulted in the independence of Indian artisans

• It led to the growth of Indian textile exports

What was a major consequence of the Opium Wars for China?

• China was forced to open ports to foreign trade

• China became a major opium producer

• China gained control over Hong Kong

• China successfully banned opium trade

What economic change did European powers enforce in Africa?

• The abolition of all forms of slavery

• The establishment of monocrop economies

• The promotion of industrialization

• A shift from cash crops to food crops

Which commodity was NOT a focus of monocrop economies in West Africa?

• Peanuts

• Cocoa

• Rice

• Palm oil

What was the Monroe Doctrine's role in Latin America?

• It restricted US investments

• It encouraged Latin American independence

• It asserted US influence in the region

• It promoted European colonization

How did American businesses impact Hawaii in the late 19th century?

• They orchestrated the overthrow of the monarchy

• They promoted Hawaiian independence

• They discouraged US annexation

• They supported the Hawaiian monarchy

What was a significant outcome of US and European interests in Latin America?

• The rise of local industries

• The end of foreign investments

• The creation of politically unstable states

• The stabilization of political systems

Which company exemplified foreign economic power in Latin America?

• East India Company

• United Fruit Company

• British East Africa Company

• Dutch East India Company

What was a common feature of economic imperialism in the 19th century?

• The decline of global trade

• The promotion of local industries

• The quest for resources and exploitation

• The rise of independent economies