Discuss the machanism and strategies that were used by europeans to graft capitalism in african economies?
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The following are the strategies and mechanisms that were used by Europeans to graft capitalism in Africa;
i)Most of the European industrialists encouraged their governments to colonize African countries as way through of getting raw materials for their foreign industries.
ii)Inadequate market as the European countries were were producing more industrial goods than the Europeans needed hence they had to look for markets around the world.This made Europeans to colonize Africa purposefully to protect market for their goods.
iii)There was commerce Christianity civilization where they believed that trade and commerce along with introduction of Christianity could ease colonization in Africa.
i)Most of the European industrialists encouraged their governments to colonize African countries as way through of getting raw materials for their foreign industries.
ii)Inadequate market as the European countries were were producing more industrial goods than the Europeans needed hence they had to look for markets around the world.This made Europeans to colonize Africa purposefully to protect market for their goods.
iii)There was commerce Christianity civilization where they believed that trade and commerce along with introduction of Christianity could ease colonization in Africa.
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CAPITALISM AND IMPERIALISM were the strategies used by Europeans to the graft African economy.
Explanation:
The Colonialistic approach towards the mechanism adopted for the grafting of the African economy was the methodological tool used and led to the underdevelopment of the nation. They were not made introduced to technological advancement and other resource building. These overall strategies made the African economy to not develop along with the Slave trading mechanism.
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