The De Beers Mining Company is a multinational corporation that specializes in diamond exploration, mining, retail, trading and industrial manufacturing sectors. It was founded in South Africa in 1888.
Diamond Trade: This refers to the process of buying, selling and exchanging diamonds on international markets.
Monopoly: A situation where a single company or group owns all or nearly all of the market for a given type of product or service.
Cecil Rhodes: He was a British businessman, mining magnate and politician who co-founded De Beers Mining Company. He played an instrumental role in colonial expansion across Africa.
AP World History: Modern - 6.4 Global Economic Development from 1750 to 1900
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