What were the economic and social circumstances that resulted in the rise of modern European imperialism?

Modern European imperialism came as a race towards acquiring more resources.

Explanation:

Modern Imperialism is usually considered to be from 19th and 20th century where European countries, USA and Japan took over many individual countries in Africa and Asia and used them for trade and resources.

It was to forcibly establish free market, European economies in the countries that helped the parent country more with the policies and to create outside empires for greater networks and prosperity.