Why did continental countries engage in a "Scramble for Africa" in the later nineteenth century

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Why did continental countries engage in a "Scramble for Africa" in the later nineteenth century?

From about 1870-1905, also known as the ‘Era of Empire for Empire's Sake’, ‘The Great Adventure’ and ‘The Scramble for Africa’, European nations began what is called ‘New Imperialism’ today. During this age, almost 23,000,000 km² of territory was acquired. Colonialism was widespread in Southeast Asia and the East Asia seaboard, but Africa was still ultimately the target of imperialist expansion. It is rather apparent that these European nations, primarily Britain, France, Germany and Italy, embarked on a foreign policy of expansionism due to mainly economic, reactionary and humanitarian reasons. However, the debate here is which is the most important reason.

The European nations wanted colonies for economic development. Medical advancement in the 18th century reduced mortality rates and lengthened life expectancies. This resulted in rapid population growth and subsequently, living standards rose and this was accompanied by a new demand for a wider variety of goods and services. The European nations believed if population was increase at its present rate, there would be a point in time where they would not be able to support themselves economically. Industry-orientated countries had long begun running an unfavourable balance of trade. Also, a common perception about foreign territories is not only were they abundant in natural resources (e.g. copper, cotton, rubber, tea, tin, etc), which European industries found themselves reliant on, they were also another market for their surplus of domestic manufactured goods. As European nations imposed high tariffs on one another, trade was stifled. Hence, the acquisition of new territories would enable them to export more goods. According to Jules Ferry, a French politician during that era, ‘exports are essential for public prosperity’. Hence, to ensure living standards continually improve and not decline, new territories were necessary to establish new trade lines, so as to import and export more goods.

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The western powers were concerned about their rivals becoming more economically powerful than they were and feared this would upset the balance of power in Europe. Others would eventually own available territories they realised if they were not quick to do so. Besides, securing vital waterways (e.g. Suez Canal) was crucial in smoothing the flow of overseas trade, which had become of paramount importance to the survival of the economies of the European nations. Under intense political pressure, mainly from the supporters of the Conservative Party, Britain became the first to enter the ‘race for colonies’ and secured abundant ...

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