State your opinion.
The economy based on surplus production supported economic nationalism and also imperialism
Write short note
- Economic nationalism began the vicious circle of continuously capturing new market places, searching for sources of a cheap supply of raw material, to maintain an unbroken chain supply of raw material, to attract more and more investors, to safeguard their investments. This resulted in the limitless exploitation of the colonies.
- Extreme nationalism, industrialization, concepts of racial superiority, aggressive colonial policies further supported the growth of imperialism.
- The result was the immense expanse of the empires like England, France, Belgium, Germany, etc.
Concept: Economic Nationalism
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