How did the Industrial Revolution influence global trade?

The Industrial Revolution significantly influenced global trade by accelerating globalization and creating new markets. During this period, advancements in technology, such as the steam engine and mechanized production, increased the efficiency of manufacturing and transportation. This allowed goods to be produced on a larger scale and transported more quickly and cheaply across long distances.

As industries expanded, the demand for raw materials grew, leading countries to seek resources on a global scale. This push not only opened new markets for industrialized nations but also prompted the exploration and exploitation of previously untapped regions. The increased availability and diversity of goods fostered international trade relationships, as nations began to specialize in certain products based on their resources and industrial capabilities. Consequently, the Industrial Revolution transformed economies worldwide, integrating them more closely and accelerating the pace of globalization.