The 20th century witnessed the pivotal inauguration of Western expansion, also historically known as the Age of Exploration. The Europeans were the first people to manipulate global affairs to a large extent. Consequently, this period of discoveries, occupations, and colonization put forth a remarkable boost in trading activities and the inflow of money to the civilized societies of the Old World. The Age of Exploration became the catalyst for the emergence of a new world economy. Subsequently, the economic form of capitalism germinated due to the freshly amassed wealth and resources from the satellite countries or which are currently addressed to as the global south. Apparently, the olden movement of colonialism created both advantages and disadvantages to the nations which did not engage into territorial expansion and survived simply by tapping the resources made available to them by their immediate environment; unfortunately, the negative effects of colonialism outweighed the opposite. Colonialism drastically altered the very structure of the occupied territories such as its social, political, and economic systems.
[...] All the same, Latin America became enmeshed in the emerging world system as a supplier of raw materials engendering an over-dependency on Britain and later on the United States. In the year 1914 and the dawning of the First World War were recorded as the neocolonialism era in Latin America in which the war hostilities upset the market for commodities from Latin America. The relevant characteristic of this neocolonialism is its emphasis on a solitary export of a raw material or otherwise known as “cash-cropping”; the burgeoning of the cash crop system crafted the economies of the colonized countries susceptible to oscillations in prices on the world market. [...]
[...] The global north or the developed and highly industrialized countries had histories of exploitation and domination for the sole purpose of breeding economic affluence for the mother country. This desire to accumulate wealth led the powerful nations to employ an inhumane system which was slavery or bonded labor. The slaves were commonly used in plantations wherein crops were grown for exports and for other economic goings-on in the market. These plantations which were created for cash- cropping destroyed the natural habitats hence generating environmental predicaments. [...]
[...] Malaysian Prime Minister Mohamad Mahathir aggressively spoke for the global south on the topic of environmental collapse; in the Rio Conference on the Environment and Development held in June 1992, fervent Mahathir declared that colonialist countries were liable for the destruction of the lush forests of the global south and that the factories these rich countries mounted in the poor nations created health problems due to the toxic chemicals belched by these manufacturing infrastructures. Mahathir then bitterly pronounced that the poor did not whine instead they wholly accepted the millstone of providing the resources for the economic expansion of the rich nations (Bello, 2007). [...]
[...] On the one hand, the vibrant social forces in Europe were attained through the employment of African slavery and subjugation. The surfacing of the European bourgeoisie and the disenfranchised proletariats was due to the allocation and distribution of African habitat and wherewithal. The affluence gained by the European bourgeoisie from the usurpation of African riches resulted to the fortuitous demise of the divine rights of king or the aristocratic rule in Europe that in turn led to the democratic revolutions staged in both the Old and the New World. [...]
[...] The capitalistic drive provoked by the assurance of advance technology and modernized culture is currently undertaken on a global scale. This impetus towards production and accumulation of monetary goods is deliberately transferred from the metropolis nations to the satellite states making the plight of the underprivileged morbidly unsolvable. Breinner and Keil (2006) studied the conditions of the urban life at the opening of the twentieth century and enlightened the readers on the underlying factors on the claimed envisage of the eventual downfall of urbanism owing to the ascendance of the ingenious informational technologies. [...]
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