Question

Which of the following ideas suggested that the New Imperialism was a positive characteristic of Germanic societies, including the United States, that impelled or required them to engage in worldwide expansion?
a) Alfred Thayer Mahan: development of world markets requires strong navy to protect trade and colonial bases to service fleet.
b) Rudolf Hilferding : Colonial dominance by capitalist nations was required to safeguard finance capital's industrial investments
c) John Fiske: ANglo-Saxon race destined to carry its superior political organization and institutions to the rest of the world
d) Joesph Schumpeter: Imperialism represents resurgance of Western warrior class instincts of conquest, not a phase of capitalism

Answer 1

The correct answer is letter D

Considered one of the leading economists of the 20th century, Joseph Schumpeter was one of the first to believe that technological innovations can be an engine of capitalist development.

Schumpeter's work was marked, among others, by the economic cycle theory. According to him, for the economy to come out of a state of equilibrium and start to skyrocket, the emergence of some innovation from an economic point of view is necessary, which considerably changes the previous conditions of equilibrium .

Innovation from an economic point of view means: the introduction of a new good on the market, the discovery of a new production method or the sale of goods, among others.