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| | Scramble for Africa - Wikipedia, the free encyclopedia |
 | | In addition, surplus capital was often more profitably invested overseas, where cheap labor, limited competition, and abundant raw materials made a greater premium possible. |
 | | However, according to the classic thesis of John A. Hobson, exposed in Imperialism (1902), which would influence authors such as Lenin's Imperialism, the Highest Stage of Capitalism (1916), Trotsky or Hannah Arendt's The Origins of Totalitarianism (1951), this shrinking of continental markets was a main factor of the global New Imperialism period. |
 | | Capitalism, an economic system in which capital, or wealth, is put to work to produce more capital, revolutionized traditional economies, inducing social changes and political consequences that revolutionized African and Asian societies. |
| en.wikipedia.org /wiki/Scramble_for_Africa (6493 words) |
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