I will pay for the following article European Capitalism and Colonialism. The work is to be 6 pages with three to five sources, with in-text citations and a reference page. Hence, there were no much differences between people in terms of their wealth. Colonization played a great role in the development of capitalism in Europe. It started by the European counties bringing in a number of slaves into their territories. The people, who were termed as slaves from Africa mostly, were used to build and develop a number of institutions and business in Britain and other parts of Europe. In fact the slave trade become such a business leading to the development of a number of ships to aid in ferrying the newly acquired slaves to different parts of Europe. Actually, some cities like Liverpool developed form the booming business of slave trade at that time.
According to Bruff, Barclays bank, which is one of the largest bank and insurance company in the world, had its roots on salve trade. Furthermore, most of these countries utilized land and natural resources in their colonies to enrich themselves. Most raw materials and minerals that were discovered in the European colonies, was sent back to the colonizing country, which led to further development of this countries. The west, had developed vast numbers of factories back at home and to keep them running, they needed these raw materials. These colonies provided these raw materials at a very cheap price hence leading to a further flourishing economy.
Development of Africa was stalled by the invasion of European countries in the early centuries. A number of countries in Africa had developed much stronger economical practices by the time Europeans came in to colonize them. Most of the activities that were taking place came into a standstill hence halting the process of innovation and continued economic gain. Much worse is the fact that most of the raw materials and minerals of value to these colonized states were taken over by the colonizing countries. Egypt, which was one of the oldest African cultures, had advanced in terms of technological and economic development. However, it continued quest for much better services for its people were affected by the innovation of turkey in the 7th .century.
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