The colonial economy in Africa introduced as a due to the industrial revolution. The newly emerged industries of Europe required more raw material in order to make a profit. Therefore, to overcome this problem of raw material, the colonial economy was introduced in Africa. Such colonies were established to produce export-oriented crops. In the colonies of Africa one or two crops were grown that were sometimes cash crops.
During the Gilded Age, the country underwent economic expansion and big business boomed. Learn more about the wealthy individuals that played a role. hope this is right c:
