"Argentina has, by virtue of its financial dependency, the concessions granted to British railway companies, and the dominance of our merchant houses, become an integral part of the British Empire in all but name. We do not need to dispatch governors or maintain garrisons in Buenos Aires; our capital, our banks, and our managers exercise a sovereignty over the agricultural interior and the ports more absolute and far less costly than any formal political administration could enforce."
—Adapted from a report by a British consular official in Argentina to the Foreign Office, 1889
Which of the following developments in the late nineteenth century best explains the relationship described in the passage?
- AThe establishment of direct colonial rule by European empires to annex territories and formally administer their domestic political affairs.
- The expansion of economic imperialism, in which industrialized states leveraged capital and infrastructure projects to dominate the trade networks of sovereign nations.Cevap
- CThe revival of mercantilist trade systems operated by state-chartered joint-stock companies with exclusive trade monopolies.
- DThe military subjugation of local populations under civilizing missions justified by Social Darwinist ideologies.
Cevap
The correct answer states that economic imperialism expanded as industrialized states leveraged capital and infrastructure projects to dominate the trade networks of sovereign nations.
The correct answer describes economic imperialism, where industrialized nations like Great Britain used capital, banking, and infrastructure projects (like railways) to integrate sovereign nations like Argentina into the global economy as export-dependent suppliers of raw materials, all without needing to establish direct political control.
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Economic Imperialism in Latin America
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