Industrialization and Global Capitalism
Corliss Steam Engine |
I. Industrialization changed fundamentally how goods were produced.
II. New patterns of global trade and production developed and further integrated the global economy as industrialists sought raw materials and new markets for the increasing amount and array of goods produced in their factories.
III. To facilitate investments at all levels of industrial production, financiers developed and expanded various financial institutions.
A British steam warship represented in Kaigai Shinwa, a Japanese book about the First Opium War. Book published in 1849. |
IV. There were major developments in transportation and communications including railroads, steamships, telegraphs and canals.
V. The development and spread of global capitalism led to a variety of responses.
Emmeline Pankhurst being arrested at King's Gate in May 1914. |
VI. The ways in which people organized themselves into societies also underwent significant transformations in industrialized states due to fundamental restructuring of the global economy.
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