(i) Imperialism as the ill-begotten child of industrialization.(ii) Other things besides industrialization chiefly needed two things. one of them being the constant supply of raw materials\xa0and the Other is that the finished goods be sold at the same speed.(iii) The industrialized countries had introduced heavy import duties\xa0as protective tariffs to check the import from other countries.(iv) Faced with the problem of finding new markest for their producer nations chose such\xa0countries\xa0where industrialization had not yet reached.(v) Hence a race\xa0for bringing those areas under their effective occupation or effective influence started among the various industrialized nations.(vi) As a consequence Britain France Germany Japan etc. set up their\xa0colonies in Asia Africa South America\xa0etc, (vii) These colonies served their two purposes of being the suppliers of cheap raw materials and an easy market for their finished goods.