Earlier in the 1700s, the French & Indian war happened in which Great Britain was involved in. They made taxes so they could pay all of their soldiers for fighting in the war.
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Racist policies tend to delegitimize the ideals and purposes of the government, since they pose a factual situation in which the rights and guarantees that citizens have as subjects of law in the nation are recognized to a lesser extent due to their racial, ethnic or national identity.
Thus, the institutional racism of governments casts doubt on the goodwill and integrationism that should be on any public servant's agenda today. Every politician or official who carries out racist policies loses credibility in his objectives related to the common good, as he does not seek a benefit for the whole society but directly or indirectly excludes a part of it.
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A financial crisis in one country can quickly spread to other countries.
The countries that attended the conference were: Austria-Hungary, Belgium, Denmark, France, the German Empire, Italy, Netherlands, the Ottoman Empire, Portugal, the Russian Empire, Spain, Sweden-Norway, the United Kingdom, and the United States of America who had a special right to accept or decline the terms of the deal and the participation in the deal.
The effects of the conference were mostly in regards to the African Continent. They wanted to find a way to spread their empires and gain strength while not fighting each other, so they decided to cut Africa up into smaller pieces and divide it among themselves. The result was that 90% of African territory was taken by various European powers.