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Overseas Colonies

Definition

These are territories established and governed by a mother country in a foreign land, often across the ocean. They were primarily used for resource extraction and trade expansion.

Analogy

Think of overseas colonies like franchises of a popular fast-food chain. The main company (mother country) sets up branches (colonies) in different locations to expand its reach, increase profits, and gain more resources (like customers).

Related terms

Imperialism: This is the policy or ideology of extending a nation's rule over foreign nations, often by military force or by gaining political and economic control.

Mercantilism: An economic theory that trade generates wealth and is stimulated by the accumulation of profitable balances, which a government should encourage by means of protectionism.

Colonialism: The policy or practice of acquiring full or partial political control over another country, occupying it with settlers, and exploiting it economically.



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© 2024 Fiveable Inc. All rights reserved.

AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.