What is the term for economies in which an imperial country extracts resources?

Study for the U.S. History Imperialism Test. Review flashcards and multiple choice questions, each with hints and explanations. Get ready for your exam!

The term that describes economies where an imperial country extracts resources is "Extractive Economies." This term specifically refers to economic systems where raw materials, natural resources, or other commodities are removed from one region and sent to another, often for the benefit of the imperial power. Extractive economies are typically associated with colonial contexts, where the colonizing country exploits the natural wealth of its colonies without investing much in the local economy or development.

In the case of imperialism, the focus is often on the extraction of valuable resources such as minerals, timber, or agricultural products, which are then transported to the imperial nation for processing and profit. This process can lead to significant economic gain for the imperial power, while the local economy may suffer due to a lack of infrastructure and investment in local industry or services. As a result, extractive economies are characterized by a reliance on the export of primary goods, often at the expense of sustainable local development.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy