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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 ...
At the same time, the United Kingdom's share of the world economy rose from 2.9% in 1700 up to 9% in 1870, and Britain replaced India as the world's largest textile manufacturer in the 19th century. After the British victory over the Mughal Empire ( Battle of Buxar , 1764), India was deindustrialized by the EIC, British and colonial policies.
Postcolonialism is a term used to recognize the continued and troubling presence and influence of colonialism within the period designated as after-the-colonial. It refers to the ongoing effects that colonial encounters, dispossession and power have in shaping the familiar structures (social, political, spatial, uneven global interdependencies ...
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 .
Postcolonialism (also post-colonial theory) is the critical academic study of the cultural, political and economic consequences of colonialism and imperialism, focusing on the impact of human control and exploitation of colonized people and their lands.
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.
The cultural systems created under coloniality of power presume that European cultures are the only truly modern cultures, based on characteristics of modernity like capitalist economic systems, rationality, neoliberalism, and science. [1] These cultural systems enforce Eurocentric norms through the use of the state and the economic system. [15 ...