The purpose of this dissertation is to utilize a historical comparative analysis to examine how capitalism influenced the growth of the nation, its effects on culture, politics and the economy. The study will examine the shift of the economy under varying governments (civilian, presidential and military), as well as the economic effect of an oil economy on the politics and development of the country. This dissertation included an analysis of the historical implications of imperialism as well as the current implications of foreign interference. The research further explored the historical effects of colonialism on a newly independent nation attempting to govern and unite different ethnic groups as one nation as well as the effects the discovery of oil had on the precarious undertaking of establishing and maintaining democracy. This dissertation found that after independence the country shifted its focus in the agriculture sector from production for consumption to export for capital gains. This shift led to infrastructure development such as building roads, railways, and other essential structures for the transportation and exportation of cash crops. The downside in the shift from consumption crops to export crops was the occurrence of food shortages during the seventies. The discovery of oil in 1956 also changed the direction and strength of the economy and eventually led to an unstable and under-developed nation. This dissertation will also examine the initiatives towards development and national unity as the nation struggles to stabilize economically and politically.