How did the Industrial Revolution impact global trade?
The Industrial Revolution significantly transformed global trade by increasing production capacity and efficiency.
What were some key inventions that facilitated this change?
Key inventions included the steam engine, spinning jenny, and power loom, which boosted manufacturing.
Did this lead to changes in trade routes?
Yes, new trade routes emerged, especially for raw materials and finished goods, connecting continents.
How did it affect economies around the world?
It led to economic growth in industrialized nations, while also creating dependency in less developed regions.
What were the social impacts of these changes?
Socially, it resulted in urbanization, changes in labor conditions, and the rise of a new working class.
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