The Industrial Revolution changed how countries traded and depended on each other. Here’s how it happened:
Better Transportation: New inventions like the steam engine and trains made moving things cheaper and faster. This meant that British textiles could now travel to places like India and America much quicker than before.
Making Lots of Stuff: Factories allowed for the mass production of goods. This meant they could make a lot of items at once. Things like clothes and machines became cheaper, which made more people want to buy them around the world.
Getting Raw Materials: There was a big need for things like cotton and coal. That need led to countries trading with each other for these materials. Because of this, countries started to depend on one another, which grew their economic connections.
New Markets: As economies grew, new markets opened up. This created a cycle where countries began relying on imports (goods brought in) and exports (goods sent out) to keep growing and developing.
All of this connection between countries helped set the stage for the globalization we see today.
The Industrial Revolution changed how countries traded and depended on each other. Here’s how it happened:
Better Transportation: New inventions like the steam engine and trains made moving things cheaper and faster. This meant that British textiles could now travel to places like India and America much quicker than before.
Making Lots of Stuff: Factories allowed for the mass production of goods. This meant they could make a lot of items at once. Things like clothes and machines became cheaper, which made more people want to buy them around the world.
Getting Raw Materials: There was a big need for things like cotton and coal. That need led to countries trading with each other for these materials. Because of this, countries started to depend on one another, which grew their economic connections.
New Markets: As economies grew, new markets opened up. This created a cycle where countries began relying on imports (goods brought in) and exports (goods sent out) to keep growing and developing.
All of this connection between countries helped set the stage for the globalization we see today.