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How would you describe the colonial economy?
Colonial economy was about all activities that ensured continued supply of raw materials and profit gaining from the colonies mushrooming industries. Colonial economy involved agriculture, mining, trade, infrastructures, fishing and transport. To maximize the profit and to be ensured that they succeed their mission in agriculture, colonialist introduced new things to improve the production. These include settler economy, plantation economy, peasant economy, migrant labour and cash crop production. They decided to maintain peasant to get more profit. They introduced cash crops because raw materials were need in their industries. Cash crops introduced were sisal, rubber, coffee, tea and cotton. To ensure continued supply of raw material to their mushrooming industries in Europe, they opened plantations and estates in Zanzibar and some parts in Tanganyika. The grown cash crops included sisal, clove plantation, coconuts and cashewnuts. Settler economy was rampant in all areas where the soil was fertile and good climate to stay. They established settlements in in Kenya, Zimbabwe, Zambia and South Africa. Also in East Africa they settled in highland regions like Kilimanjaro, Iringa and Mbeya. They established infrastructures from the port to the interior where agriculture and mining activities were taking place. The building of Mombasa to Uganda railway and Dar es Salaam to Kigoma is a good example. In South African they exploited gold and diamond from Kimberley and Transvaal. Irrigation activities took place along the Nile River. Money economy was introduced to maximize profit and also to utilize effectively migrant labour who were selling their labour forces in plantations and estates. Taxation and land alienation was introduced to exploit African and the same time to force them comply with colonialists needs. In order to get money African were supported to sell their work forced in plantations and estates. Migrant labour was preferred because of less resistance. Migrant labour were taken from far away and they were very few in number hence it rendered them very difficult to organize themselves and form strikes.
What are Bad things about a mixed economy?
why is the mixed economy good
What is a staple economy?
you must mean STABLE economy - that's when things are not changing much.
What is a trade-based economy called?
An economy based on trade is generally termed a market economy by those who study these things.
Contribution of industry to national economy?
The industry contributes to the national economy by creating things for consumption.
What important things happened in colonial New Jersey in 1664?
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What does the term tourism mean?
tourism: the business of providing things for people to do, places to stay, etc. while they are on vacation. Tourism is an important part of Mexico's economy. Spring break tourism gives a boost to Key West Florida's economy each year.
How are angiosperm important to the economy?
They are important because things like clothes and medicine are made out of them.
How did the french revolution affect mexico?
Well the French Revolution affect not only Mexico, it affect many countries or places too, but in Mexico it affect more in the economy than in other things.
Is math envolved in econmomy?
No, but it is one of the most important things in ECONOMY
What Venezuela economy?
Venezuela's economy is okay cuz they import and export things that are important like gas, oil, fuel,....
What is Venezuela's economy?
Venezuela's economy is okay cuz they import and export things that are important like gas, oil, fuel,....
What are 3 things to do in Mexico?
Visit ancient ruins such as Teotihuacan, Tulum and Chichen ItzaSee the downtowns of many 'colonial cities', including their handcraft marketsRelax at any of the thousands of beaches located in Mexico's Pacific, Gulf of Mexico and Caribbean coasts.
Why is marketing important in the overall growth in the economy?
Marketing is important to grow the economy because marketing is what reaches to the consumer and incites them to buy things. These purchases put money into the economy, and stimulate the growth of the economy. These purchases may not have been made if not for marketing.
Why is marketing important in the overall growth of the economy?
Marketing is important to grow the economy because marketing is what reaches to the consumer and incites them to buy things. These purchases put money into the economy, and stimulate the growth of the economy. These purchases may not have been made if not for marketing.
What were good things about colonial new York?
New York, as a middle colony, but very close geographically to New England, had a great economy based on ship building and trading.
Why was trade important in Egypt?
it was so important so you can get new things and not stick with old things
