unearned) estates of the elites. These realities led to the overspending of the poor and the oversaving of the rich. Since the savings of the rich could not be invested as profitably abroad, Hobson believed it sought out new foreign markets. This, then, was the root cause of the i
The New Imperialism. (1969, December 31). In LotsofEssays.com. Retrieved 07:17, April 28, 2024, from https://www.lotsofessays.com/viewpaper/1689188.html
Lots of Essays. "The New Imperialism." LotsofEssays.com. LotsofEssays.com, (December 31, 1969). Web. 28 Apr. 2024.
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