The new imperialism changed both Western society and its colonies. Through it, Western countries established the beginning of a global economy in which the transfer of goods, money, and technology needed to be regulated in an orderly way to ensure a continuous flow of natural resources and cheap labor for the industrialized world.
Using your text and supplemental concrete examples, discuss specific regulations imposed by mother countries on colonies which encompassed the transfer of capital, goods, and services, thereby, creating a global economy. [ECONOMIC]
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