All Flashcards
Compare Formal and Informal Economic Imperialism.
Formal: Direct control, colonization, tariffs. Informal: Indirect control, trade agreements, investment, debt traps.
Compare the Treaty of Nanjing and the Treaty of Tientsin.
Both are unequal treaties after the Opium Wars. Nanjing: ports opened, Hong Kong ceded. Tientsin: more ports, opium legalized, missionaries allowed.
Define Economic Imperialism.
A country uses its economic power to control other countries, influencing resources, trade, and money.
What is Formal Economic Imperialism?
Direct control of a colony's government and economy by an imperial power, often involving colonization and tariffs.
What is Informal Economic Imperialism?
Control through economic pressure, not direct rule, using trade agreements, investment, and debt traps.
Define 'Debt Trap' in economic imperialism.
Lending money with strings attached, making countries dependent on the lender.
What are 'Unequal Treaties'?
Treaties that favored foreign powers and weakened the sovereignty and economy of another nation, often China in the 19th century.
Define 'Trade Deficit'.
When a country imports more goods and services than it exports.
What is 'Colonization'?
The establishment of colonies in a territory by people from another country.
What is 'Market Control'?
Dominating markets through ownership or trade manipulation.
Define 'Exploitation' in the context of economic imperialism.
Using the resources and labor of colonized peoples for the benefit of the imperial power.
What is the significance of 'Strategic Locations'?
Controlling key ports and transportation routes to facilitate trade and exert influence.
What caused the Opium Wars?
Britain's desire to sell opium in China, China's resistance to the opium trade, and Britain's trade deficit with China.
What were the effects of the Opium Wars?
Unequal treaties, loss of territory (Hong Kong), a weakened Chinese government, and widespread opium addiction.
What were the causes of British investment in Argentina?
Britain sought new places to invest money and make even more, leading them to fund railways, ports, and other projects in Argentina.
What were the effects of British investment in Argentina?
Argentina faced a currency crisis and had to agree to harsh terms to get more loans, resulting in bank failures and economic suffering.
What were the causes of the Industrial Revolution's impact on economic imperialism?
The need for raw materials and new markets fueled the push for expansion, leading to the establishment of colonies and trading posts.
What were the effects of the Industrial Revolution on economic imperialism?
European powers competed to dominate globally, exploiting the resources and labor of colonized peoples.
What caused China to lose Hong Kong to Britain?
China lost Hong Kong to Britain as a result of the unequal treaties that followed the Opium Wars.
What caused the Chinese government to weaken?
The Chinese government was weakened due to the unequal treaties and foreign influence that resulted from the Opium Wars.
What caused the rise of informal economic imperialism?
The desire to control other countries through economic pressure rather than direct rule led to the rise of informal economic imperialism.
What caused the Opium trade to become legalized in China?
The Opium trade was legalized in China as a result of the Treaty of Tientsin, which ended the Second Opium War.