Thursday, March 13, 2014

How did the Industrial Revolution influence world trade overall?

Global trade was greatly effected by the Industrial Revolution. Newly found connections led to both economic and population growth. A reason for the population growth would be the newly introduced Western Hemisphere crops now introduced to trade, raising living standards. With new techniques used to process crops, a new standard was set for yield quantity. One such method was chemical fertilizing, greatly increasing the harvest. Economics also flourished through global trade. With China now able to produce what the world wanted in volume, for example, their economy flourished with silver which was used to buy their coveted goods. Another way that global trade was effected was by its efficiency and speed. With the steam engine being used to power vehicles for trade such as boats and trains, plus the spread of railroads, speed and efficiency was greatly improved. So much so that Europeans could reach China by train in a matter of days.
creation of steam ships transported goods internationally, faster

1 comment:

  1. Great! Do you have anything that could help illustrate the point of increased and quicker interaction?

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