History of Economic Ideas
Colonial expansion refers to the process by which European powers extended their territories and influence across the globe, particularly from the 15th to the 20th centuries. This movement was driven by the pursuit of new markets, resources, and strategic advantages, fundamentally altering global trade dynamics and leading to the establishment of empires. The economic motivations behind colonial expansion were closely tied to mercantilist policies that emphasized the accumulation of wealth and resources through direct control over colonies.
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