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Following are five ways in which overseas colonies promoted development of industries in Europe
1.The importance of colonies for European industries was huge. Most colonies had around ten times the population of the country occupying them( India and the UK for example). This meant there were millions of potential consumers for European industrial products, that could be sold in Africa
2.There were also speculations that Africa had plenty of Minerals for the European Industries
3.Need for cheap labour which was available in Africa to produce raw materials for their industries
4.Need for cheap raw materials from Africa for their industries
5.Need to invest their surplus capital in Africa
OR
In what ways did overseas colonies contribute to the expansion of industries in Europe?
i) The overseas colonies provided additional market for European industrial products such as cloth and spirits
ii) Overseas were sources of industrial raw materials Eg cotton, plan oil and sisal,
iii) Trade between European countries and their colonies led to the emergence of a class of rich people who invested in industries
iv) Use of machines in industries rendered people jobless
v) Industrial waste was not properly disposed of and this led to environment degradation,
vi) Long working hours deprived people of leisure and rest thus reducing their efficiency,
vii) Low wages paid to workers led to poor living conditions which demoralized them
Everlyne Chepkwony answered the question on August 9, 2018 at 09:46
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