ABSTRACT
The new type of economic organization which, during the Napoleonic wars, existed only in the North of England and on the Clyde, spread, as we have seen, throughout Western Europe and North America, and reached in two countries-Germany and the United States-a stage of development more advanced than that achieved in Great Britain. Its expansive force, moreover, was not limited to the parts of the world inhabited by white men, but extended rapidly over the whole of Asia and Africa. Contact with less developed communities somewhat altered its character. On the one hand, there was need of governmental assistance where conquest was a necessary preliminary to capitalism. On the other hand, coloured races, especially those of Africa, could be subjected to a more ruthless exploitation than the worst that was politically possible in countries with homogeneous white populations. Modern economic technique gave a new character to imperialism, and imperialism, in turn, gave a new political complexion to industrialism.
