Economic Benefits Of European Imperialism

During the late 1800’s and early 1900’s, scramble for Africa, or known as the European Imperialism, was at its peak in Europe. One of the reasons why it was so broadly popular was due to the political and economic benefits it gave. Because rivalry between countries was also present at the same time when European Imperialism was rising, having colonies was a symbol for international power. Thus, more colonies meant more political power. Yet, more importantly, it was the economic benefits that the countries wanted more than the political benefits. These economic factors from Africa were one of the major essences of European Imperialism in that they were the key to have more success economically. Jules ferry reveals the importance of European Imperialism in his speech similar to this, focusing on the economic factors. Jules Ferry reveals the essence of European Imperialism by claiming it was beneficial for their economies.

In the document “Speech Before the French Chamber of Deputies, March 28, 1884,” Jules Ferry justifies the European’s …show more content…
Colonies in Africa gave ports to European nations, which gave them easy access to new markets, increasing their profit from trade. Also, the resources colonies supported the industries in Europe to keep up with its production and gave a huge wealth as well. Jules Ferry clearly states these benefits in his speech when he was a prime minister as his justification of why European Imperialism was good, and by that, Jules Ferry reveals the importance of European Imperialism by claiming it was beneficial for their economies. However, even though he does a good job stating the importance of European Imperialism in the economic perspective, he fails to capture one essence of it, which is the cruelty of European’s treatment to the natives. Thus, Jules ferry does capture the economic factors of European Imperialism, but not all of