Macau Map on Its significance can be judged from the fact that the British National Income in 1770 was only 125 million, and the total investment that had been made in the whole of Britain’s modern metallurgical industry (including steel), by 1790, was only 650,000. According to another estimate, gold and silver valued at 500 million gold pesos were exported from Latin America during the period 15031660. Similarly, profit obtained from the slave labor of the Africans in the British West Indies amounted to over 200 million. From the late-18th century to the mid-19th century, there was a period of export of European manufactures. Following the Industrial Revolution in Britain (which subsequently spread to Europe), the imperative of capitalist expansion was for each of the new industrial countries to secure sources of raw materials and exclusive markets for their manufactured goods. This involved not only sovereign control over the colonized countries of Asia, Africa, and Latin America, but a restructuring of their economies to enable systematic resource extraction through the market mechanism. Specifically this consisted of rupturing the link between domestic agriculture and handicrafts industry, which was the basis of the self-sufficiency of many of these countries. Macau Map 2016.
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