Tuesday, December 17, 2019

European Fascination With The Acquisition And Exploitation

European fascination with the acquisition and exploitation of territory began centuries before King Leopold II of Belgium’s birth. The Portuguese were among the first Europeans to explore and settle territories in Africa in the 15th century, arriving in the Congo in 1482 (Hochschild, p. 7). The newly arrived Europeans built missions, and began to take part in the slave trade that was already established in the region. Although African rulers took part in the slave trade, the scale of it was not as large and systematic as the one that European involvement quickly developed it into. Methods similar to those applied in the Congo during the reign of King Afonso became common practice throughout portions of Africa during the ensuing centuries.†¦show more content†¦Being â€Å"a king of a small country with no public interest in colonies...a colonial push of his own would require a strong humanitarian veneer† (Hochschild, p. 42). In order for civilized western countries to allow for Leopold to conquer territory in Africa, he would have to do it in the name of philanthropy. In the 19th century, Christian ideals such as moral empire -the religious duty to bring modern civilization to undeveloped countries- were popular among the general public (Hochschild, p.213). Knowing this, Leopold decided that he would use â€Å"curbing the slave trade, moral uplift, and the advancement of science† in his pitch to colonize Africa; â€Å"not profits† (Hochschild, p. 42). Leopold held a Geographical Conference in Brussels in 1876 to discuss bringing c ivilization to Africa, using the guise of a humanitarian effort to hide his true intentions. The outcome of the conference was the creation of the International African Association, of which he was elected chairman. This was the first of a series of seemingly altruistic ventures that allowed for Leopold to claim territory in Africa, and in the decades after that first achievement Leopold engaged in many other faux-philanthropic pursuits. Leopold utilized well positioned political allies to imply that he was building infrastructure in the Congo, gave interviews discussing his Christian duty to help the native peoples, financed his operations by selling bonds under the pretext of assisting Africans, andShow MoreRelatedMerger and Acquisition: Current Issues115629 Words   |  463 Pages Mergers and Acquisitions Current Issues Edited by Greg N. Gregoriou and Karyn L. Neuhauser MERGERS AND ACQUISITIONS Also edited by Greg N. Gregoriou ADVANCES IN RISK MANAGEMENT ASSET ALLOCATION AND INTERNATIONAL INVESTMENTS DIVERSIFICATION AND PORTFOLIO MANAGEMENT OF MUTUAL FUNDS PERFORMANCE OF MUTUAL FUNDS Mergers and Acquisitions Current Issues Edited by GREG N. GREGORIOU and KARYN L. 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