Answer :
Several economies that were quite strong in the 1800s and 1900s came from Europe and other places, like Japan. As a result, these countries were vying with one another to expand into and rule over new areas of the globe. Imperialism was expanding quickly at the time.
Particularly European countries were expanding their existing colonies with new ones from Asia and Africa at this time. Both the United States and Japan were thinking about the advantages of imperialism.
Because all of these strong nations could now obtain a wide range of goods and raw resources from their newly acquired colonies, they were known as extraction economies.
The United States, in contrast to these countries, did not experience a shortage of raw materials, so it was is not a big deal to them. In actuality, the United States was creating more things than it could consume. Colonies weren't necessary in order to just take their raw materials and goods.
To know more about the European countries visit here :
https://brainly.com/question/11923918
#SPJ4
