3. Definition of Imperialism The essence of Imperialism is that imperialism is the monopoly stage of capitalism and it emerged as the development and direct continuation of the fundamental characteristics of capitalism in general.

4. Definition of Imperialism: five features 1) the concentration of production and capital has developed to such a high stage that it has created monopolies which play a decisive role in economic life. 2) the merging of bank capital with industrial capital, and the creation, on the basis of this “finance capital” of a financial oligarchy.

5. Definition of Imperialism: five features 3) the export of capital as distinguished from the export of commodities acquires exceptional importance. 4) the formation of international monopolist capitalist combines which share the world among the biggest capitalist powers is completed. 5) the territorial division of the whole world among the biggest capitalist powers is completed.

6. Economic characteristics: 1) it is the displacement of capitalist free competition by capitalist monopoly. 2) several types of monopoly: cartels, syndicates, and trusts.

7. Four Principal Types of Monopoly 1) monopoly arose out of a very high stage of development of the concentration of production. My doubt: British monopoly.

8. Four Principal Types of Monopoly 2) monopolies have stimulated the seizure of the most important sources of raw materials, especially for the basic and most highly cartelized industries in capitalist society: the coal and iron industries. 3) monopoly has sprung from the banks. 4) monopoly has grown out of colonial policy.

9. Four Principal Types of Monopoly My doubt: Does the imperialism or the present capitalism decay?