A plan the Europeans created was to mineral products from africa and “send raw materials to feed European factories. Raw materials were exported to Europe, who would then re-export them to Africa as final products, sold at high prices. Africans could not afford to pay for these products”(Effects of European Rule). This way Europeans would make products at lower prices and sell them for way higher prices. Europeans would make so much more money selling them in Africa for high prices because Africans would need the food and products and would have to buy them for a lot of money.
harvesting their raw materials was geopolitical in nature, as nations sought to increase their standing and become a world superpower. Another document that displays this is Document E, a graph that displays the money made from imports and exports from Africa, South of Sahara, in the year 1854 and in 1990. Looking at this graph, in 1854, imports and exports from and to Africa were considerably smaller compared to 1990. The overwhelming column for 1990 shows that Europeans exported more goods more often from Africa over time. Over the span of 136 years, Europeans have obviously have had an interest of exports of raw materials found in Africa as seen in this document, which brought them more than 20 million pounds in 1990.
The distinctive Revolutions led to an economic revival among its manufactures and solidity. A. “Industrialized countries required a steady supply of raw materials from less developed lands” (Littell 299). B. “Industrialized countries viewed poor countries as markets for their manufactured products” (Littell 299) IV. An imposing quantity of political prospects followed from the Revolutions that established rising opportunities as a community.
(INTERNATIONAL MONETARY FUND, 2014) A strong and stable macroeconomic policy has led to a growth rate of 5.2 percent in the period of 2000 to 2010 and is still growing with a rate of 6.2 percent in 2013. Such improvements in macroeconomic performance over the last decade can be seen as a result of the Highly Indebted Poor Countries debt reduction initiative in 2005 and also improved revenue mobilization. Consequently, Zambia in 2011 was included in the lower-middle income country, a status it lost in the 1980’s. Investment in mining sector and the high price of copper in the international market has led to recovery of nation economy.
For Example as good as technology gets it will never be able to give Japan the natural resources needed to be an economic power. In turn, Japan must import all their natural resources. The text states, on page 222, “ Japan had few of the natural resources required to become an industrial nation.” this goes to show that even the most technologically advanced countries still need materials such as oil and precious metals. By the same token, Russia will never become a manufacturing giant due to the fact that their ports freeze during the winter.
Consequently, these countries now controlled the resources found in their respective colonies. European industries, especially those of food, textiles, and automotive, significantly benefited from Africa’s plentiful cotton, palm oil, sugar, metals, rubber, and so on (Document D). Several countries, such as Great Britain, would profit over $20 million yearly in exports following African colonization (Document E). Gaining abundant resources through the colonization of Africa was essential for European industries to survive economically. Africa’s resources were the principal factor that drove European
Jimmy Santiago Baca is an American poet writer of Apache and Chicano descent. He was born in Santa Fe, New Mexico on January 2, 1952. Abandoned by his parents at the age of two, he lived with his grandmother for several years before he was placed in an orphanage. Baca ran away from the orphanage where he found himself caught up with substance abuse. At the age of twenty-one he was convicted for drug possession where he was sent to prison for a total of six years, four of them in isolation.
1.2 Describe features and benefits of an organisation’s products and/or services. Apple for example, have a very wide range of technological products that no only amass great deals of money for the company, but for the use of employees and affiliates that can make use of such a perk. Apple are known for surpassing their competition in many fields, such as computers, laptops, mobile phones, and all the gadgets they themselves have brought into the market over the last few years like iPods and iPads. These are only some of Apple’s products, but they play a major part within their own workplaces just as they do within their industry. I know for a fact that Apple’s computing gear is widely used within their offices, as it has all the necessary
Industrialization was a revolution for everything. It cause steel to be made for railroads, etc. The industrialization was a huge leap for us. We are no longer in the dark ages. Bc of industrialization we are where we are in the world now.
In another analysis of this debate between good and bad imperialism, it is claimed that Africa gained a “Technical advance--a significant technical advance in the modern period has been, quite simply, the introduction of new crops to many African regions. Other technical advances have included agricultural techniques, improved transportation and communication, etc. Most modern technical advance seems to have resulted from diffusion to Africa of innovations made elsewhere, rather than from research and development in Africa led, for instance, by colonial governments” (Manning). The European and Western businesses also brought more commerce to Africa, “European firms and governments invested in such enterprises as railroads and ports in Africa. The investment brought wages to workers, and better transport brought better prices to African producers and consumers” (Manning).
Africa has an immense supply of raw materials that many countries wanted to take control of. After suffering a long economic depression and trade demonstrating a growing deficit, Great Britain and several other European nations were offered an open market deal with Africa that would result in a surplus of trade, but lead to an unfavorable balance; a market that bought more than it sold. European nations acted on the idea that they needed to manage areas for investing in their capital. A surplus of this was more profitable invested overseas where cheaper labor, abundant raw materials, and little to no competition made it
When there is a large number of sellers and a large number of buyers in a market, that market is regarded as a perfectly competitive market or industry. In a perfectly competitive market, a single firm cannot dictate the pace and the selling price (Khan Academy, n.d.). In other words, one firm cannot set the prices and the competitors are obligated to market prices. What is fascinating about a perfectly competitive industry is that barriers that prevent new firms from entering the industry are flexible; that means, there are minor barriers of entry as well as little or no barriers to exit (Rittenberg & Tregarthen, 2009). In view of this, the following items will be classified as a perfectly competitive market and a non-perfectly competitive market.
For thousands of years following the rise of civilization, most people lived and worked in small farming villages. However, a chain of events set in motion in the mid-1700s changed that way of life for all time, this called the Industrial Revolution. The Industrial Revolution started in Britain, but it instead was a long, slow, uneven process in which production shifted simple hand tools to complex machines. While some might argue that Industrialization had primarily negative consequences for society because for example, it was actually a positive thing for society. Industrialization’s positive effects were railroads, cars, and a variety of jobs.
Token economy Introduction A token economy is a system of behavior built on the systematic reinforcement of aimed behavior. It includes rein forcers which are symbols or tokens that can be used for other rein forcers. It is based on the principles of operant conditioning and can be located within applied behavior analysis. It can be used with children and adults in applied settings however they have been modelled with pigeons in laboratory settings.
Another things that made African states not to benefit most in the trade is that, they export raw material or minerals because they lack means to process those raw material into finished goods and services. Therefore, those raw materials that are being exported, the African states import them back as manufactured and finished goods and they import them at higher cost compared to the profit they received when exporting
