New Imperialism In The Late 1800s

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The most important factor which contributed to the “New Imperialism” of the late 1800s was economic interests. The Industrial Revolution created needs and desires that spurred overseas expansion. Manufactures wanted access to natural resources such as rubber, petroleum, manganese for steel, and palm oil for machinery. They also wanted new markets of consumers to whom they could sell their goods. Bankers sought ventures to invest their profit. Furthermore, colonies offered a valuable outlet for Europe’s growing population. One example of a person who came to South Africa for economic purpose is Cecil Rhodes. Cecil Rhodes was a farmer and miner who became rich through diamond trade. When Rhodes came to South Africa at age 17, he was determined
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