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Although it had its faults, colonialism was probably "one of the most efficacious engines for cultural diffusion in world history". [130] The economic historian David Kenneth Fieldhouse has taken a kind of middle position, arguing that the effects of colonialism were actually limited and their main weakness was not in deliberate ...
Colonialism developed as a concept describing European colonial empires of the modern era, which spread globally from the 15th century to the mid-20th century, spanning 35% of Earth's land by 1800 and peaking at 84% by the beginning of World War I. [10] European colonialism employed mercantilism and chartered companies, and established ...
The New International Economic Order (NIEO) is a set of proposals advocated by developing countries to end economic colonialism and dependency through a new interdependent economy. [ 1 ] [ 2 ] The main NIEO document recognized that the current international economic order "was established at a time when most of the developing countries did not ...
The important distinction in the concept of coloniality of power is the ways that this heterogeneous structural process shaped the modern world. While modernity is certainly a European phenomenon, it was forged through and is constitutive of what Enrique Dussel has called "the invention of the Americas," or the colonization of the Americas ...
The global silver trade between the Americas, Europe, and China from the sixteenth to nineteenth centuries was a spillover of the Columbian exchange which had a profound effect on the world economy. Many scholars consider the silver trade to mark the beginning of a genuinely global economy , [ 1 ] with one historian noting that silver "went ...
The colony developed an agricultural economy based on African slavery. England controlled Suriname during the Napoleonic Wars from 1799 until 1816, when it was returned to the Dutch. The Netherlands abolished slavery in 1863 and later imported indentured labor from the British Raj and the Dutch East Indies to keep the economy going. Internal ...
The economic history of the United States spans the colonial era through the 21st century. The initial settlements depended on agriculture and hunting/trapping, later adding international trade, manufacturing, and finally, services, to the point where agriculture represented less than 2% of GDP .
Its economy was eventually surpassed by the United States in 1916. [13] The United Kingdom's involvement in the First World War and the Second World War damaged Britain's economic power, and a global wave of decolonisation led to the independence of most British colonies.