how did imperialism affect the development of the domestic economies of imperial states.
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In 1916, in Imperialism: The Highest Stage of Capitalism, Lenin argued that the monopoly stage of capitalism, which corresponded with and stimulated the new imperialism, had undermined the allegedly progressive characteristics of industrial capitalism, such as individual ownership, independent, autonomous producers, ...
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Colonies were virtually captive markets for European and colonial products, including slaves themselves. Profits from this "triangular trade" flowed mainly to Holland, France, and Britain, contributing to the rapid capital formation that made them commercial and industrial leaders.
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