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Colonialism - The Boon & the Bane of a Growing World Economy

Trade flourished and markets expanded in the late 19th century.

The greed for power and possession grew parallel to the world economy. Rival European powers in Africa drew up the borders demarcating their respective territories. Britain and France made vast additions to their overseas territories in the late 19th century. Belgium and Germany became new colonial powers. The US also became a colonial power in the late 1890s.

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