What is imperialism? The policy of building up your military with the intent to dominate, the policy of extending control over f
oreign territories with the intent to dominate, the policy of taking extreme pride in ones own country, or the policy of controlling every aspect of your own country's way of life
The effect which it had on the economy was the <span>establishment of lending institutions across the continent, standardized methods of taxation and an increase in European trade.</span>