Practice Quiz

CLEP Western Civ II

Category - Imperialism

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Which of the following explains J. A. Hobson's argument about the economic role of imperialism?
  1. The wealth generated by empire should be distributed to the working class.
  2. The alienation created by industrial labor could be regulated to colonies.
  3. Colonies opened unprecedented opportunities to generate wealth.
  4. Trade unionism was likely to emerge in colonies unless labor improved.
  5. Dependence on empire would be the undoing of European economies.
Explanation
Answer: A - In Imperialism, the Highest State of World Capitalism (1903), Hobson argued that the wealth generated by empire should be distributed to the working class through higher wages. He maintained that this would give the working class more spending power, eliminating the intense competition among industrial nations. He favored other socialist measures, including limiting dividends and investment income, and higher taxes for the wealthy.
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