how did the colonies contribute to industrialization? what were the obstacles to industrialization of the colonies?
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Industrialization
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- Colonies were established by European nations for their interest and to acquire wealth.
- Industrialization also assisted in establishing colonies so that they can supply raw materials to their motherland.
- Colonies supplied materials like cotton, indigo and other cash crops to industries.
- The obstacles were that colonies were forced to grow and provide raw materials for European powers.
- Colonies became a market for industrial goods as local goods were higher in price and less in quantity.
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What is the Industrial Revolution? What are the origins of Industrial Revolution?
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