Discuss the rise of industrialization and its effects on global trade from "summary" of The History of the World by Sir Walter Raleigh
The surge of industrialization in the 18th and 19th centuries brought about a profound transformation in global trade. As nations embraced new technologies and methods of production, they were able to increase their output of goods at a rapid pace. This led to an expansion of trade networks as countries sought to sell their surplus products to markets around the world. Industrialization also had a significant impact on the types of goods that were being traded. With the advent of machinery and mass production, goods could be produced more efficiently and in larger quantities. This led to an increase in the variety and volume of goods being traded globally. Countries that had previously relied on traditional industries such as agriculture and handicrafts now found themselves able to produce a wider range of goods, ...
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