Map of Castelvetrano on Colonies were prevented from developing competing industries and different sectors of their economies were disengaged from one another and linked with needs of the economies of colonizing powers. As investments at home became less profitable due to the rise of monopolies and declining profitability of marginal colonialism 147 lands, colonies furnished an attractive outlet for investment of CAPITAL. Settler colonies of North America and Australia provided opportunities for European emigration, virgin lands, and capacity to absorb investments. Colonies were essential as markets for the SURPLUS production of European industries, thus helping mitigate the negative effects of the boom and bust cycles of capitalism. By serving as an engine of the INDUSTRIAL REVOLUTION and profitability in Europe, colonialism served as an insurance against social strife and unrest that may have resulted from absence of economic growth. Modern Europe sees itself as the product of the Enlightenment, with the attending ideals of reason, freedom, liberty, equality, and the rule of law. Modernity of Europe is, however, coterminous with its colonial expansion and imperial rule, marked by conquest, subjugation, and even genocide. Map of Castelvetrano 2016.
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