What was one major outcome of the Industrial Revolution in relation to global trade?

The Industrial Revolution significantly transformed global trade and markets, leading to an increase in trade volume and the expansion of global markets. This period marked the shift from agrarian economies to industrialized ones, which meant that goods could be produced more efficiently and in larger quantities. As a result, countries began to specialize in the production of certain goods, capitalizing on their resources and technological advancements.

Transportation innovations, such as the steam engine and improved ships, facilitated faster and cheaper movement of goods across long distances. This made it easier for nations to engage in international trade. Furthermore, the rise of factories created a demand for raw materials from various parts of the world, directly linking local economies to global markets.

Consequently, the era saw an interconnection between different regions, with countries exchanging not only finished products but also essential materials requisite for industrial production. This burgeoning of markets around the world laid the groundwork for modern global trade networks and the economic globalization that followed in the subsequent centuries.