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European colonialism

Definition

European colonialism refers to the practice of European nations establishing and maintaining colonies in other parts of the world, including America. It involved the economic exploitation and political control of these territories by the colonizing power.

Analogy

Imagine a group project where one person takes over and controls all aspects of the project while reaping most of the benefits, leaving others with little say or resources. This is similar to how European countries established colonies in America, exploiting its resources for their own gain.

Related terms

Imperialism: Imperialism refers to a broader concept of extending a nation's power and influence through colonization or military force.

Mercantilism: Mercantilism is an economic policy that aimed at accumulating wealth through favorable trade balances and the establishment of colonies.

Triangular Trade: Triangular Trade was a system where goods were exchanged between Europe, Africa, and the Americas, primarily involving slaves, raw materials, and manufactured goods.