The Industrial Revolution, which happened from 1760 to 1840, changed the way countries traded with each other in some big ways:
More Stuff Made: Factories started making a lot more cloth. They produced around 2 million yards in 1760. But by 1850, that number jumped to over 100 million yards! This helped countries export much more.
Better Ways to Transport: New inventions, like steamships and railroads, made it cheaper to move goods. In fact, transportation costs dropped by about 50%. This meant getting things to other places was quicker and less expensive.
Larger Global Markets: European countries began to expand their colonies. Because of this, global trade grew by 400% from 1800 to 1900.
Increased Demand for Raw Materials: Many countries needed more raw materials. For example, Britain’s imports of cotton shot up from 10,000 tons in 1780 to an incredible 500,000 tons by 1900.
This revolution helped create a world where countries depended on each other for trading.
The Industrial Revolution, which happened from 1760 to 1840, changed the way countries traded with each other in some big ways:
More Stuff Made: Factories started making a lot more cloth. They produced around 2 million yards in 1760. But by 1850, that number jumped to over 100 million yards! This helped countries export much more.
Better Ways to Transport: New inventions, like steamships and railroads, made it cheaper to move goods. In fact, transportation costs dropped by about 50%. This meant getting things to other places was quicker and less expensive.
Larger Global Markets: European countries began to expand their colonies. Because of this, global trade grew by 400% from 1800 to 1900.
Increased Demand for Raw Materials: Many countries needed more raw materials. For example, Britain’s imports of cotton shot up from 10,000 tons in 1780 to an incredible 500,000 tons by 1900.
This revolution helped create a world where countries depended on each other for trading.