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How did capitalism and industrialization create motivations for Europeans to conquer new colonies?
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Explanation:
- Capitalism and industrialization motivated Europeans to conquer new colonies.
- The expansion of the commercial economy prompted demand for new products in Europe.
- Capitalism brought competition in the market, which led to the growth of production in the industries.
- Industries also gave rise to capitalism because it allowed the capitalist to invest, build industries and earn a profit.
- Colonies were established by European so that they can acquire materials to operate their industry and to increase trade.
- Europeans also opened markets for manufacturing goods in colonies.
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