Chapter?32: The Building of Global Empires Chapter Outline Foundations of empire Motives of imperialism Modern imperialism Refers to domination of industrialized countries over subject lands Domination achieved through trade, investment, and business activities Two types of modern colonialism Colonies ruled and populated by migrants Colonies controlled by imperial powers without significant settlement Economic motives of imperialism European merchants and entrepreneurs made personal fortunes Overseas expansion for raw materials: rubber, tin, copper, petroleum Colonies were potential markets for industrial products Political motives Strategic purpose: harbors and supply stations for industrial nations Overseas expansion used to defuse internal tensions