Why Was the Berlin Conference Both an Important Event and an Important

question 42

Essay

Why was the Berlin conference both an important event and an important symbol of European colonialism in
Sub-Saharan Africa?

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Definitions:

Money Supply

The whole sum of economic financial assets at a specified time.

Money Supply Growth Rate

The rate at which the total amount of monetary assets available in an economy increases over a specific period.

Long-run Phillips Curve

A concept in economics indicating that in the long run, there's no trade-off between inflation and unemployment, showing a vertical line at the natural rate of unemployment.

Unemployment

Unemployment refers to the situation when individuals who are capable of working and are actively seeking work are unable to find employment.