What impact did the industrialization of the 18th century have on global trade? 🔊
The industrialization of the 18th century had a profound impact on global trade, significantly altering economic systems and social structures. Mass production facilitated the manufacturing of goods at unprecedented scales, leading to increased supply and lowering prices. This transformation created new markets and demand for raw materials, fostering global trade networks. Industrialized nations sought colonies for resources, establishing a new age of imperialism. Furthermore, the rise of consumer culture and urbanization led to shifts in labor dynamics, migration patterns, and international relations. Overall, industrialization spurred economic growth but also contributed to social inequalities and environmental challenges.


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