What is colonialism? What are its affects on a country’s economy?

Question

What is colonialism? What are its affects on a country’s economy?

Answer 1

Wealth of a country taken by colonials. Bad.

Answer 2

colonialism is when a powerful country takes over a less powerful country and begins to rule that country as a subordinate; all the resources of the colonized country are controlled by its colonial superior. it can sometimes be good for a country's economy if it's colonial superior have good intentions of building their economy and not extorting the natural resources. Colonizing nations generally dominate the resources, labor, and markets of the colonial territory, and may also impose socio-cultural, religious and linguistic structures on the indigenous population. common example was in Africa during what was called the scramble for Africa in which world super powers like Britain,France,Spain,Portugal, Belgium and others divided africa into regions that they could colonize. countries which those super powers colonized now speak the language of their colonial superior. example former French colonies like Ivory Coast, Guinea and Cameroon speak French as their national language. as far as its effects on their economy, Colonial powers that weren't all about extortion made some major developments in their colonies. see Nigeria,Ivory Coast and Ghana which are highly developed countries in Africa. but if the colonization is all about accumulating wealth, then it can be very terrible as the colonized country won't be able to produce anything for itself that will help it even have a sustainable economy. hope this was helpful