Final answer:
European industrialization fueled a need for raw materials and new markets, driving the continent's imperialism in Africa and Asia. Industrial capitalism, colonialism, and the monopolizing practices at the Berlin Conference played pivotal roles.
Step-by-step explanation:
The economic factors related to industrialization that caused Europe to desire regions in Africa and Asia were mainly driven by the need for raw materials and new markets. During the industrialization period, European powers looked outside their borders for resources needed to fuel their industries. Industrial capitalism was a significant catalyst for this movement. Europe required large quantities of raw materials like cotton, rubber, and minerals for their factories and were pursuing new markets to sell their manufactured goods. To ensure high profits, they needed to obtain these raw materials at low cost and establish monopolies for their finished products.
Additionally, the scarcity of certain resources within Europe, like arable land and the competition over remaining agricultural and mineral wealth, also played a role. The seizure of these resources during colonialism and the Berlin Conference of 1884-1885, where European powers divided Africa amongst themselves, largely influenced the rapid spread of European imperialism. These conquests harmed local manufacturing and agriculture in Africa and Asia by subjecting them to unfair competition, ultimately altering the economic landscapes of these continents to the advantage of the industrializing European powers.