What was a major economic impact of colonialism on former colonies?
Understand the Problem
The question is asking about the economic consequences of colonialism on the countries that were formerly colonies. It presents multiple-choice answers related to financial and industrial development or dependence. The focus is likely on identifying which impact was most significant.
Answer
Colonialism dismantled local industries, creating economic dependency on imports.
Colonialism significantly affected former colonies by dismantling local industries and creating economic dependency on imported goods.
Answer for screen readers
Colonialism significantly affected former colonies by dismantling local industries and creating economic dependency on imported goods.
More Information
Colonial powers often implemented policies that prevented industrial development in the colonies, leading to long-term economic disadvantages. This dependence on European goods and economic systems continued to affect former colonies even after gaining independence.
Tips
A common mistake is to overlook the long-term economic dependency colonialism created, focusing only on immediate impacts such as resource extraction.
Sources
- The economic impact of colonialism - Trace - trace.tennessee.edu
- The economic impact of colonialism | CEPR - cepr.org
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