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Colonial rulers typically established exploitative economic systems aimed at extracting resources and wealth from the colonies for the benefit of the colonizing country. These systems often involved the implementation of cash crops, forced labor, and monopolistic control over trade. Indigenous economies were frequently disrupted, and local industries were undermined to favor the import of European goods. This led to long-lasting economic dependencies and inequalities that persisted even after the end of colonial rule.
What else can I help you with?
What economic system MOST supported the colonial economy?
A capitalist economic system is what supported the colonial economy. This meant that the economy was built upon people who could capitalize off of it.
What was the economic system in which European rulers tried to increase their country's wealth through trade and increasing exports?
mercantilism
What is the economic system of American colonial period?
fiydgv wieuf yugdiusygfoweuyfglas liuygdfljyedfg iyugdfjhgdy jhjhghdk
What is the economic system suitable for Zimbabwe?
Free market economic system is completely suitable for immediate neigbour Zimbabwe because it will stimulate economic growth and encouarge people to establish businesses within country which results in job opportunities.
The british system of mercantilism was designed to?
Mercantilism was designed to have strict control over its colonial trade so it can good economic strength
What economic system MOST supported the colonial economy?
A capitalist economic system is what supported the colonial economy. This meant that the economy was built upon people who could capitalize off of it.
What type of system has a socialist economic system and a totalitarian form of government?
Socialism has no wages or only or prices, hence no economic system. It also has no classes or rulers or government.
What did Alexander Hamilton suggest to establish a sound economic system?
a national bank
What was the economic system in which European rulers tried to increase their country's wealth through trade and increasing?
mercantilism
What word describes the economic system of European countries during the colonial era?
Mercantilism
What was the economic system in which European rulers tried to increase their country's wealth through trade and increasing exports?
mercantilism
How was local government system in Lampung during Dutch Colonial period?
There were 'Becks' managing the regions in Lampung. These Becks report to the Dutch rulers.
What is the economic system of American colonial period?
fiydgv wieuf yugdiusygfoweuyfglas liuygdfljyedfg iyugdfjhgdy jhjhghdk
What is the economic system suitable for Zimbabwe?
Free market economic system is completely suitable for immediate neigbour Zimbabwe because it will stimulate economic growth and encouarge people to establish businesses within country which results in job opportunities.
The british system of mercantilism was designed to?
Mercantilism was designed to have strict control over its colonial trade so it can good economic strength
Under which rulers did India experience its golden age?
India experienced unprecedented economic and social growth during the reign of Mughal Dynasty. Mughal rulers enforced efficient laws and taxation system and upheld peace through brinkmanship of successive able rulers like Akbar, Jahangir and Aurangzeb.
What is economic system in the United states?
The economic system of the U.S is a mixed system. Americans rely on the Stock Market and trade. Back in colonial days colonists traded goods with other nation in Europe and South America. In return they either got other goods or were paid with money. Boosting the economic status in the U.S.
