The Negative Role Of Imperialism In The Twentieth Century

The term "Imperialism" was used in the end of nineteenth century and the beginning of twentieth century to describe politics and monopolies of the governments, aimed at the submission of other nations for their own economic and political gain. With every decade of the nineteenth century,and especially with the beginning of the twentieth century the demand for industrial products dramatically increased. The consumer market has become more capacious by the need to meet the demands of the population that is quantitatively increased and, moreover, imposed increasing demands on the quality of life. Governments also needed additional material resources, means of transport and communications, weapons, to the best, in their understanding, a way to protect the interests of their countries against foreign aggression or surpassing competitors.
The negative role of factors such as the lack of own funds, the cost of competition, crises of overproduction, encouraged manufacturers to find means to neutralize them. They were found in monopolistic associations. The simplest kinds of associations were all …show more content…
The concentration of industrial production has given rise to similar processes in the banking sector. Large industrial, commercial, railway and other companies could not trust their money to the small banks, since their authorized capitals were insufficient to ensure the safety of large deposits. These banks also had the necessary funds for any significant investment in terms of the lending industry. Therefore, it was inevitable process of enhancing the role of the rich banks, and then combining their financial resources. In the course of the concentration of banking by the beginning of the First World War the financial market was dominated by a limited number of banking