Historical Development
The need for raw materials for factories and increased food supplies for the growing population in urban centers led to the growth of export economies around the world that specialized in commercial extraction of natural resources and the production of food and industrial crops. The profits from these raw materials were used to purchase finished goods. Some examples of these resource export economies included cotton production in Egypt, rubber extraction in the Amazon and the Congo Basin, the palm oil trade in West Africa, the guano industries in Peru and Chile, meat from Argentina and Uruguay, and diamonds from Africa.
Guano
Rubber tree
Cecil Rhodes
Transatlantic Cable
Palm oil
DeBeers Mining Co.
monocultures
HIPP: Audience, Purpose, & Historical Situation
Industrial nations’ demand for raw materials & food for increasing populations in urban areas led to a growth in export economies in the non-industrialized regions of the world.
Export economies produced a variety of commodities for export to industrialized nations. Below are a few export commodities that had the most significant impacts during the 19th century.
Illegal Drugs as an Export Commodity
Due to the lack of interest of Chinese interest in European goods, Britain began running a trade deficit with China. By In order to reverse this trend, the British started exporting illegal drugs, opium in particular, from India & into China. The impacts were devastating to China, yet unbelievably rewarding for the British.
Satirical political cartoon featured in Punch Magazine, 1892. It alludes to the Scramble for Africa of the New Imperialism period. However, the image depicts British colonialist Cecil Rhodes as a giant standing over the continent holding a telegraphic line, a reference to his desire to build a "Cape to Cairo" rail and telegraph line and connect the most of the British colonies in Africa.
Map showing almost complete British control of the Cape to Cairo. In fact, Cecil Rhode's wanted to build a Cape to Cairo Railway crossing the continent from south to north. It was planned as a link between Cape Town, South Africa to Port Said in Egypt.