How Did Money Influence European Imperialism

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Like with most everything else, money and power influenced European Imperialism. Nationalism and racism were also factors in the New Imperialism during the 19th century all the way up to the first world war. Free trade was established and the old mercantile system faded away. No country took more advantage of the new free trade system than Britain. And this same idea still exists today. "Free traders argued that this would allow trade to grow upon itself-that the amount of trade was potentially infinite-and would assure consumers the lowest prices. This outlook still dominates economic theory in the West and provides the theoretical foundation for economic globalism."(pg 756 para 6) By establishing free trade globally, the potential to increase
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