- One basic feature of colonialism is that under it the colony is integrated into the world capitalist system in a subordinate position.
- Colonialism is characterized by unequal exchange.
- The metropolis produced high technology, high productivity, and high wage goods while the colony produced low technology, low productivity, and low wage goods. International trade thus became an instrument of exploitation.
- The colony produced raw materials while the metropolis produced manufactured goods.
- The colony was articulated with the world market but internally disarticulated. Its agricultural sector did not serve its industry but served the metropolitan economy and the world market.
- The drain of wealth took place through unrequited exports and state expenditure on armed forces and civil services.
- The pattern of railway development in India in the second half of the 19th Century was in keeping with the interests of British industry.
- Colonizers’ political dominationis was another feature of Colonialism.
- Bal Gangadhar Tilak, the Indian nationalist leader, described this as decorating another’s wife.
-
Vedic Period
iTopper, , UPSC STUDY MATERIAL, 0
Vedic Period The cities of Harappan culture had declined by 1500 BCE Consequently, around this period, Indo-Aryans who...
-
AMENABILITY OF THE PREAMBLE
iTopper, , UPSC STUDY MATERIAL, 0
Preamble can be amended, subject to the condition that no amendment is done to the ‘basic features’– the fundamental...
-
The Sangam Period
iTopper, , UPSC STUDY MATERIAL, 0
The Sangam Age constitutes an important chapter in the history of South India. According to Tamil legends, there existed...
-
IMPACT OF FRENCH REVOLUTION
iTopper, , UPSC STUDY MATERIAL, 0
POSITIVE IMPACT France became Representative of Humanity:-It gave the world three important messages of Humanity i.e. Liberty, Fraternity and...
-
DEMERITS OF INDUSTRIAL REVOLUTION
iTopper, , UPSC STUDY MATERIAL, 0
Growth of Some Social Problems: The rapid growth of industrial cities created problems that were difficult to solve quickly...
-
Mesolithic or Middle Stone Age (10000 BCE- 6000 BCE)
iTopper, , UPSC STUDY MATERIAL, 0
This is the transitional phase between the paleolithic and neolithic ages. Famous sites: Langhnaj in Gujarat Adamgarh in Madhya...
-
Industrial Revolution In India
iTopper, , UPSC STUDY MATERIAL, 0
British government did away with the monopoly of the company in trade with India and hence, finally succeeded in...
-
IMPACT OF AMERICAN REVOLUTION
iTopper, , UPSC STUDY MATERIAL, 0
POLITICAL CHANGES It gave birth to a new nation, the United State of America. Under the Treaty of Paris...