When modern people think of imperialism, the practices of slavery and racism come to mind; while those are among the cons of imperialism, the institution also ended up having some benefits, particularly among the countries that were able to settle colonies elsewhere. The principle of self-determination for countries is more in line with the claims of democracy, making the rise of new empires extremely unlikely in the 21st century.
For the European colonial powers, the benefits of imperialism included money from captive buyers, cheap labor, natural resources from the colonies and new cuisine. The world developed a global economy, and capital from profits in the colonies went to invest in new technologies that would benefit the entire world.
For the areas that were colonized, the benefits included a modern monetary system, access to new technologies, hospitals and schools, the elimination of such harmful traditions as foot binding, as well as a modern infrastructure with rail lines and modern communication.
For the European powers, the major drawback of imperialism was greed, as the growing rivalries among the countries led to fighting, almost from the beginning of the age of exploration until the outbreak of World War I. All of these conflicts sprang from grievances in the formation of colonial empires.
For the areas that were colonized, the cons were many: disruption of traditional culture and economy, a heavy tax burden to the colonizing power, men having to leave families behind to work in mines or on plantations, the development of sweatshop conditions and a political system that crashed into chaos after independence in many cases.Learn More
The pros of business mergers include factors such as monopoly regulation, research and development, duplication avoidance and network economies, while the cons include factors such as higher prices, less choice and job losses, according to Tejvan Pettinger at Economics Help. Depending upon the scale, business mergers tend to help top executives and shareholders, but consumers and employees tend to suffer most of the cons. However, this depends on each individual merger.Full Answer >
Farm subsidies provide extra income to farmers depending on what crops they produce, and are often used to help rejuvenate farmland. In some cases, income is provided for producing no crops at all. The farm subsidy bill costs taxpayers in excess of $35 billion annually, as of 2014.Full Answer >
Selective breeding allows the breeder to select traits which they find desirable and mate their stock so that the trait becomes more common with each generation. A side effect of selective breeding is that often undesirable traits are overlooked when pursuing only one specific characteristic.Full Answer >
Although volcanoes are commonly known for their destruction, they also play some useful roles. On the negative side, volcanoes destroy houses and cities, displace populations, disrupt business, generate tsunamis and destroy habitats and crops. On the positive side, volcanoes create new islands and land, generate tourism attraction points, create beautiful landscapes and scenery and provide habitats to pioneer species, notes Volcano World.Full Answer >