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European nations came to the Americas to increase their wealth and broaden their influence over world affairs. The Spanish were among the first Europeans to explore the New World and the first to settle in what is now the United States.
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At independence, African countries had to decide what type of state to put in place, and between 1950 and the mid-1980s, thirty-five of Africa's countries adopted socialism at some point. The leaders of these countries believed socialism offered their best chance to overcome the many obstacles these new states faced at independence. Initially, African leaders created new, hybrid versions of socialism, known as African socialism, but by the 1970s, several states turned to the more orthodox notion of socialism, known as scientific socialism. What was the appeal of socialism in Africa, and what made African socialism different from scientific socialism?
Because they had a different currency than the rest of the world and wanted to compete in what historians call the "The Great Coin Race" which started in 19 A.D. and ended in 1339. The soon regretted this.