Think As Historian: THINK AS A HISTORIAN: EXPLAIN THE CONTEXT Of ECONOMIC IMPERIALISM

The passage on the previous page provides an incisive description of the historical development of economic imperialism. Like all historical developments, it did not occur in a vacuum but rather developed within a broader historical context.

Explain how the historical development of economic imperialism is situated within a broader historical context. To do so, explain what conditions made it possible and what consequences it had.