To What Areas of the World Did Europe Extend Its

question 45

Essay

To what areas of the world did Europe extend its power after 1870? How and why did European attitudes towards imperialism change after 1870? What circumstances sparked the "scramble for Africa" in the late 1870s? What features differentiate the new imperialism from previous imperialistic movements? What features do they have in common?

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Definitions:

Trade Deficit

The amount by which the value of a nation’s imports exceed the value of its exports.

International Payments

Transactions between countries involving the transfer of money and payments for goods and services across borders.

Merchandise Exports

Goods produced domestically and sold to buyers in another country.

Freely Floating Exchange Rates

A system where the value of currencies is determined by supply and demand in the foreign exchange market without direct intervention by central banks.