ECONOMIC COLONIZATION

ECONOMIC:
“ HOW SOCIETY USES ITS
LIMITED RESOURCES”
COLONIZATION:
“IT IS AN ACT OF SETTING
UP A COLONY AWAY FROM ONE’S
PLACE OF ORIGIN”
 DEFINE ECONOMIC
COLONIZATION
“The policy by which a nation exerts
political and economic control over a less
powerful independent nation or region”
BY DAVID KORTEN
“Control by a powerful country of
its former colonies by
economic pressures”
 EXAMPLES OF ECONOMIC COLONIZATION
• The representative example of European neocolonialism is
Françafrique, the "French Africa" constituted by the continued
close relationships between France and its former African colonies.

• Usage of:
• West African CFA franc
• Central African CFA franc
 NEO-
COLONIZATION
• This is the new age of colonization which is known as neo-
colonization or economic colonization
• The term neocolonialism was first used after World War II.
• Coined by the French philosopher Jean-Paul Sartre in 1956,
it
was first used by Kwame Nkrumah in the context of African
countries undergoing decolonization in the 1960s.
 EXAMPLE

Christopher Columbus set sail from Spain in 1492 on three

small ships: the Santa María, the Pinta, and the Niña. The
fleet landed in the Bahamas and claimed it for Spain, as
depicted in this painting.
 ECONOMIC IMPACT OF COLONIZATION

• Virulent diseases
• Unequal social relations
• Detribalization
• Exploitation
• Enslavement
• Medical advances
Abolitionism
 POSITIVE IMPACT

• Education
• Infrastructure
• Health
 NEGATIVE
IMPACT

• SLAVERY
• LOCAL TRADITIONS AND CULTURES
• NATURAL RESOURCES, MINERALS
EFFECT OF COLONIZATION:
 CONCLUSION
The result was that the colonization of the New World was
catastrophic: native peoples were no match for European
technology, ruthlessness, or their diseases which decimated the
indigenous population.