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Economic Factor Of New Imperialism

137 Words1 Pages
Based on my understanding of history I believe that the economic factor was the most important factor that contributed to the “New Imperialism”. Since many countries were starting to become industrialized this meant there was a need and want for more natural resource. Great Britain who was the first to start industrializing took many chunks of Africa when it came to Imperialism. Many manufactures wanted access to natural resources such as rubber petroleum, magnesium for steel, and palm oil for machinery. They also wanted new markets of consumer’s to sell their factory goods too. Since Africa was really rich in resources of gold, diamonds, and ivory. By imperializing the different parts of Africa they were able to gain access to their resources,
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