What were the economic benefits for European powers in colonizing Africa?

History The Scramble For Africa Questions



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What were the economic benefits for European powers in colonizing Africa?

The economic benefits for European powers in colonizing Africa included access to valuable natural resources such as rubber, diamonds, gold, and ivory. They also gained control over profitable trade routes and markets, which allowed them to expand their economies and increase their wealth. Additionally, European powers established plantations and mines in Africa, utilizing cheap labor and exploiting the continent's resources for their own economic gain.