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In response to the economic and social fallout of the crisis, states began taking a more proactive approach in managing their economic affairs.
#Imperialism 2 free#
Background and characteristicsĪfter years of rapid growth under free trade policy regimes, an international financial crisis hit much of the industrialized world in 1873. The renewed push to expand territorial control included not only the earlier colonial powers of western Europe but also newcomers such as Germany, Italy, Japan, Russia, and the United States. New Imperialism, period of intensified imperialistic expansion from the latter half of the 19th century until the outbreak of World War I in 1914.
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