Colonial Administration, Business Structures, and Labor Movements
Types of Colonial Administration
A colony is a territory dominated entirely by the occupying power. There are two primary types:
- Settler colonies: Destinations for emigration from the parent country.
- Exploitation colonies: Primarily used to provide resources for export.
Protectorate: Theoretically, the metropolis respects the native government; however, the occupying power exploits local resources and controls foreign policy.
Concession: Administration and occupation of a territory within a state for the purpose of trade. For example, concessions were granted to colonial powers to use a number of Chinese ports.
New Ways of Organizing Business
- Trust: A group of companies operating under a single management body to hold a monopoly and control prices.