Question

Provide three examples of businesses or companies that exhibit Economic Imperialism, manipulating sovereign entities, and include details about the business, state, and the manipulation involved.

Answer 1

Three examples of businesses or companies that exhibit economic imperialism and manipulate sovereign entities are the East India Company, United Fruit Company, and Standard Oil.

Step-by-step explanation:

Three examples of businesses or companies that exhibit economic imperialism and manipulate sovereign entities are:

1. The East India Company: This British company played a major role in the colonization of India during the 18th and 19th centuries. The company was granted a monopoly on trade with India and used its economic power to gain control over large parts of the country. Through manipulation of local rulers and exploiting Indian resources, the East India Company established British dominance in India.
2. United Fruit Company: This American company had a significant influence in Latin America during the early 20th century. It controlled large plantations and transportation networks in countries like Guatemala, Honduras, and Colombia. The United Fruit Company used its economic power to manipulate local governments, secure favorable concessions, and ensure the protection of its interests.
3. Standard Oil: Standard Oil, led by John D. Rockefeller, exemplified economic imperialism in the oil industry. Through aggressive business practices and strategic partnerships, Standard Oil gained control over a significant portion of the global oil market. It would use its economic power to influence governments and secure favorable oil concessions in countries like Saudi Arabia, Venezuela, and Indonesia.