We saw in Chapter 21 that the prime economic and financial reasons for the European quest for empire in Africa were the need for new investment opportunities for financial capital, new markets for manufactured goods, and the search for raw materials for European industry. In theory, the three should have gone hand in hand, and at times they did. Africans themselves produced the raw materials and sold them for cash, much of which they spent on imported manufactured goods. Too often, however, European governments, merchants and colonists abused the power that went with recent conquest and looked to their own short-term gain. Land was seized and raw materials extracted from the continent with little or nothing given in exchange.
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