Abstract
The age of colonialism began about 1500, following the European discoveries of a sea route around Africa’s southern coast (1488) and of America (1492). Colonialism thus expanded by conquest and settlement after a period of extensive exploration. The improvement in navigational instruments helped a great deal to make substantial progress in the discovery of new geographical territories.
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Abdel-Fadil, M. (2018). Colonialism. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_456
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DOI: https://doi.org/10.1057/978-1-349-95189-5_456
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