(a) Industrial Consequences: Colonialism was a result of the industrial revolution. Production increased enormously because of the new machines. However, the rate of local consumption was much less compared to the surplus rate of production. Hence, the immediate need of the Europeans was to find new markets for selling their products. It was also necessary that these markets be dependable and easy to dominate.
(b) Requirements of Raw Material: The desire to create a monopoly in the market and the need to procure raw material at cheaper rates were two major factors that made European nations compete with one another for clear Supremacy.
(c) Sources of Minerals: The countries in Asia and Africa were rich in minerals like gold, diamonds, silver, coal, etc. This attracted the European nations to Asia and Africa.
(d) Feeling of Racial Superiority: The Europeans felt it was their responsibility to civilise the people of Asia and Africa. This led to the conversion of Asian and African people to Christianity. It also helped the growth of colonialism.
