6.5 Flashcards
Economic Imperialism
Economic Imperialism
when foreign businesses and countries have great power or influence over other countries’ economies
East India Company
Controlled the spice trade for a while until they took over the textile trade by supplying finished Indian textiles and then Indian cotton to the rest of the world
Dutch East India Company
had a monopoly on trade in the Spice Islands where it focused on agriculture until the Dutch government revoked its charter and took control of all business in the state’s name
Spice Islands
Islands rich in spices controlled by the Dutch
Culture System
Dutch system that forced farmers in the Spice Islands to choose between growing cash crops fo Dutch exports or becoming corvee laborers for the Dutch government
corvee labor
unpaid, compulsory work
opium
addictive pain and stress relieving drug grown by the British to trade with China so the Chinese would continue to trade silver with them
Opium War
The Chinese banned opium, which had little effect, and then blocked the Europeans from entering their ports. The industrialized Europeans broke the blockade and took over the port and the nearby city of Nanking, winning the war.
Treaty of Nanking
Ended the first Opium War. It required that the Chinese open more ports to Britain, cede Hong Kong to Britain, and allow free trade.
spheres of influence
areas of China that European countries forced to have exclusive trading rights with them
cash crop
a crop grown to be sold instead of eaten
Sudan
Produced cotton almost exclusively at the order of the Plantation Syndicate, a group of British weaving companies that dictated and use in the area
Uganda
Colonized British state that also grew cotton
Kenya
The native herder people were forced out to make room for white settlers who grew cash crops with native laborers
Gold Coast
Area of Africa known for growing and exporting the cash crop cocoa
Argentina
The British invested much here to turn it into a very rich country that engaged in large-scale farming via pampas and had railroads and ports.
Pampas
grassy plains used for large-scale farming in Argentina
“Banana Republics”
small, Central American countries under the economic influence of foreign countries that controlled their export of limited products like fruit or mined materials
Egypt
used cotton as a cash crop, it accounted for 93% of their exports and was very profitable for them
