Roles Of Markets In Colonial Spanish America


Markets are a basic foundation for economics. There are different types of markets which are found around the world, but historically Colonial Spanish America was restricted to the markets and market restrictions imposed by the colonial rule. The local colonies were subject most severely to tariffs that would change regularly with changes to colonial government and leadership. A tariff causes a loss simply because a tariff is a type of tax. If we understand that tariffs and trade barriers can cause nations to limit or even to avoid trade, we must then explore how they reach solutions to their problems. For most modern nations this comes in the form of participation in international free trade agreements. These are basically outlines for two or more nations to work together under some sort of “exclusive” terms.

The rise of New Imperialism can be denoted by several things. Under Old Imperialism, nations fought for control of trade routes and wealth. However, under New Imperialism, the real treasure was natural resources and materials to feed the Industrial Revolution. Many areas of the world were severely affected. In Asia, Britain ruled India through a private company, and exploited the nation for its raw natural resources. In Africa, things were a bit different. Here, European nations carved the continent up into territories and instigated war, genocide, corruption and more. Today, the continent of Africa remains divided by these false national borders, separating ethnic groups along lines laid down by imperialists.

European nations ruled colonies all around the world. The continent of Africa is an excellent example of this. The area that would become Zaire and then Congo was controlled by Belgium, while Britain controlled Egypt, Sudan, Ethiopia, South Africa and numerous other areas. Italy controlled small portions, while France held a considerable amount of land. Portugal, Spain and Germany were also present.

Imperialism had very different effects, depending on the point of view. Colonizers and those colonized saw this movement in very different ways. For instance, to the colonizers, imperialism represented a route to more power, more wealth and more prestige. They also felt superior to those they conquered. For the colonized, imperialism was a source of pain, murder, war, corruption and even genocide. Those colonized had very different views on the question of superiority, as well. It was these views that would lead to revolution in the middle of the 1900s.

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