Economic Expansion: Lenin

Question 1

What kind of theorist was Lenin?

Answer 1

Marxist

Question 2

What was Lenin’s theory?

Answer 2

Capitalist nations would turn to imperialism to guarantee markets and supply of raw materials. Capital had to go abroad or capitalism and growth would stagnate. Believed that domestic monopolies would pour money into profitable enterprise abroad. Ultimately believed that imperialism would lead to wars between capitalist nations that would create a global socialist revolution

Question 3

Who did Lenin support?

Answer 3

Hobson

Question 4

Criticisms:

Answer 4

Imperialism didn’t lead to a global socialist revolution (nationalist independence movements were inspired by Marxist-Leninism)
Ignored the want to exert political control
Investment in industrialised countries was more profitable

Question 5

Between 1870 and 1900,what happened to the value of exports to Germany and the US?

Answer 5

Fell from 41% to 30%

Question 6

What percentage of British exports went to the empire in 1875?

Answer 6

26%

Question 7

What percentage of British exports went to the empire in 1914?

Answer 7

35%

Question 8

In what years was 26% of British exports going to the empire?

Answer 8

1875

Question 9

In what year were 35% of British exports going to the empire?

Answer 9

1914

Question 10

What undermined trade?

Answer 10

Commitment to free trade