Assess The Role Of European Colonization In The Late 19th Century

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Colonization helped to reform a struggling economy into a prosperous one. Without new advances in technology, expansion throughout the country would not of been possible, due to a lack of trade. Communication also played a big part in unifying the economy and making its colonists feel connected to one another. As a result of colonization, the economy was becoming more industrialized and the labor force was transforming, becoming much more economically efficient. Three factors that caused European colonization were God, Glory, and Gold. Economic instability within Europe led to the increasing search for gold. Trading, especially along a greater distance became easier because of new technology such as larger ships, which helped to make expansion possible. As a result, Europe’s economy had to deal with the increasing rates of inflation because of the high demand for gold, which was better known as the price revolution. To make European colonization possible, an increasing need to obtain land was necessary. Land offered a place to live, as well as a stable form of income for the settlers. …show more content…
Its colonists now had more money to spend on goods, which began to increase trade amongst one another. However, only the economically stable individuals were able to consume these goods so the consumer revolution reinforced the stratification system that was present in the economy. The increasing demand to trade amongst one another led to improving its ways of transporting goods, which would be a necessary factor in order to further expand its markets. Small-scale manufacturing becomes increasingly popular within the northern cities of the American colonies, which led to growth within the economy. The Market revolution further transformed its modes of production, which were presented throughout society by the creation of factories due to the increasing demand for
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