Under New Imperialism

New Imperialism is the movement in the last third of the nineteenth century when Europe swiftly spread their control over vast amounts of land and people, regarded as a necessary goal for greater power. Imperialism is an old term which can be traced back to the ancient Egyptians and Mesopotamia. However. New Imperialism takes what was previously known and used in the previous form, which was the, and re-format the definition of imperialism. Under New Imperialism, the foreign countries would invest capital in a less industrialized country, to develop its mines and agriculture, as well as infrastructure and telegraph systems. To protect their investments, the foreigners would often make favorable agreements with the natives, by loaning them money or by intimidation. If that system failed, the dominant power would establish a more direct political control, by annexation and direct rule as a colony.

This form was given by the radical economist J.A. Hobson, which was later adapted by V.I. Lenin. Lenin’s adaptation states, “Imperialism is the monopoly stage of capitalism.” In this view, competition inevitably eliminates less-efficient capitalists, thereby leading to monopolies. Powerful industrial and financial capitalists would run out of profitable areas of investment and would look to their government for permission to establish colonies in less developed countries where they can find higher profits, create new markets for their products, and develop safe sources of raw materials. However, the facts do not support this viewpoint. In reality, most capital gained from the colonies went to the country-of-origin, or to other well-established areas. Often, they did not invest in their colonies, but they did invest in new