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TOPIC 14 THE IMPERIALISM, THE WORLD IN THE 19th CENTURY, Vocabulary -…
TOPIC 14 THE IMPERIALISM, THE WORLD IN THE 19th CENTURY
- DEFINITION AND CHARACTERISTICS OF THE IMPERIALISM
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In the late nineteenth century, historians identified the period from 1871 to 1914 as the Era of imperialism. Imperialism is a special stage of the development of capitalism. There is a phrase of Vladimir Lenin, Russian communist leader, who is quoted by historians, whether of left or not: "If it is necessary to give the shortest definition of imperialism, we must say that imperialism is the monopolistic stage of capitalism". The five main characteristics of this stage mentioned:
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To save costs, improve technology, and confront competition, different small companies formed medium-sized conglomerates, which in turn absorbed other conglomerates and companies to form large corporations. The logic of the process led to these to form "posters", that is to say, arrangements to control prices and markets without harming themselves. This is the monopoly feature: few companies that share the market absorb (or destroy). 
This whole process was linked to the emergence of anonymous companies, those in which their capital is divided into shares that may be in the hands of a small group or publicly sold to those who want to invest (for what the stock exchanges exist), and to Growth of large deposit and investment banks. With these mechanisms, investments abroad quadrupled.
- FROM NEOCOLIANISM TO MILITARISM
Corporations made it clear to their governments that if there had to be trade and investment outside of Europe, then there was a need for a political and legal system to protect it. The same thing happened with the U.S. and later with Japan.
In Latin America, on the other hand, already a legal system was sufficiently stable for investment and trade to continue. Britain's open intervention was seldom necessary; it was called "gunboat diplomacy” that is, sending some boats to block the main port and forcing things to be done for the benefit of British investors or traders (It occurred in Buenos Aires in 1808, in Nicaragua in 1841, 1848, throughout the decade of 1850 and, again, in 1874).
Vocabulary
- Corporations: Large business entities.
- Flaunt: Show something that you have visibly.
- Frenzy: Madness, Delirium.
- Interventionism: Politics of powerful countries interfering in the lives of smaller
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