What was the impact of the Second Industrial Revolution on global trade practices affecting societies? 🔊
The impact of the Second Industrial Revolution on global trade practices was significant, facilitating increased production and innovation. It marked the transition to new manufacturing processes, including the use of electricity and the assembly line, which enhanced efficiency. This technological advancement led to the mass production of goods, lowering costs and increasing accessibility. Consequently, global trade expanded, as countries began relying on each other for raw materials and finished products. Additionally, industrialization created interdependencies among nations, influencing economic policies and labor practices which fundamentally altered societal structures worldwide.


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