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European Colonialism

Definition

European colonialism refers to the period from the 15th century onwards when European nations established colonies overseas for economic gain and power expansion.

Analogy

Imagine you're playing a game of Monopoly. You try to buy as many properties (colonies) as possible so you can collect more rent (resources) and ultimately win the game (become powerful). That's what European countries were doing during this time - acquiring territories around the world for resources and power.

Related terms

Imperialism: A policy or ideology by which a nation extends its power by acquiring territory or establishing economic dominance over other nations.

Mercantilism: An economic theory that trade generates wealth and is stimulated by accumulation of profitable balances through exportation more than importation.

Scramble for Africa: The invasion, occupation, division, colonization and annexation of African territory by European powers during the late 19th and early 20th century.