On the negative side, imperialist rule led to the rise of slavery and slave trades. They first started when the Portuguese raided the African villages and enslaved people to send to America. Imperialism also led to bitter rivalries between the European powers as they fought for possession of the colonies. Economically, there was a mixed impact that imperialism had. Positively, it lead to the development of industries in Asia and Africa. They set up industries in their colonies to make profits and make way for the industrialization of the colonies. They established longs railroad lines, built banking house, industries to make quick profits, and etc. in order to guarantee that the colonies would fully exploit the resources available in the area. As a result of all this, it led to their industrialization. On the negative side, the imperialist powers exploited the colonies by importing the raw materials at the cheapest rates possible and exporting the finished products at very high rates. Not only that, they attempted to cripple the local industries, trade, and commerce by enacting necessary industrial and taxation
On the negative side, imperialist rule led to the rise of slavery and slave trades. They first started when the Portuguese raided the African villages and enslaved people to send to America. Imperialism also led to bitter rivalries between the European powers as they fought for possession of the colonies. Economically, there was a mixed impact that imperialism had. Positively, it lead to the development of industries in Asia and Africa. They set up industries in their colonies to make profits and make way for the industrialization of the colonies. They established longs railroad lines, built banking house, industries to make quick profits, and etc. in order to guarantee that the colonies would fully exploit the resources available in the area. As a result of all this, it led to their industrialization. On the negative side, the imperialist powers exploited the colonies by importing the raw materials at the cheapest rates possible and exporting the finished products at very high rates. Not only that, they attempted to cripple the local industries, trade, and commerce by enacting necessary industrial and taxation