The Watt Steam Engine is from 1765.
The "Scramble for Africa" https://en.wikipedia.org/wiki/Scramble_for_Africa
hit peak pitch following 1870 or so and saw 90% of Africa "claimed" by 1914, the Great War and the rise of the Vickers Machine Gun (which evolved from the Maxim).
The Germans, in particular, began to show great commercial interest in the Samoan Islands, especially on the island of Upolu, where German firms monopolised copra and cocoa bean processing.
~ https://en.wikipedia.org/wiki/Samoaleading to: https://en.wikipedia.org/wiki/Samoan_Civil_War
Profit is revenue minus cost. Cost of colonisation is vastly reduced if the target nation is infighting. Cocoa was absolutely valuable, but Samoa’s attractiveness may have also been in its inability to defend itself. (Particularly against European weapons.)
There's a robust pattern of increased infighting wherever the European colonists went .. almost as if they delibrately sowed discontent and sold weapons at discount to all sides.
Stock Exchanges evolved from Dutch and London Coffee Houses and the Maxim Gun is also famous in cementing the "No Compete" clause into law ...
https://en.wikipedia.org/wiki/Nordenfelt_v_Maxim_Nordenfelt_...
Nordenfelt cemented severavility; non-competes were already commonplace. (In that case, the blue pencil was used to restrict the scope of the non-compete. But that’s not why it’s important.)
where she argues advances in capitalism predated and caused the industrial revolution and scientific progress. It's an interesting hypothesis.
Relevant bit in vid: https://www.youtube.com/watch?v=CRPHp2EjNR8&t=275s
The first British government bonds and companies going public were about 1693 and a little after and we had a proper market bubble and crash in 1720 so that stuff was well developed by the time of steam engines.