Answer :
Answer:
During the period circa 1750-1900, industrialization had profound economic impacts that transformed global history. Firstly, industrialization gave rise to capitalism as the dominant economic system. This shift was characterized by private ownership of the means of production and the pursuit of profit. This transition from agrarian-based economies to industrial economies marked a significant departure in how wealth was generated and distributed within societies.
Secondly, industrialization played a key role in expanding global trade networks. The increased production of goods in factories not only met domestic demands but also fueled international trade. This surge in trade necessitated the development of new transportation systems, such as railroads and steamships, which revolutionized the movement of goods across continents. As a result, industrialization not only boosted local economies but also interconnected regions globally through trade networks.
Lastly, industrialization brought about a fundamental shift in labor practices. The demand for labor in factories and industries led to urbanization as people migrated from rural areas to cities in search of employment opportunities. This migration not only altered the demographic landscape but also transformed the nature of work, marking a significant departure from traditional agrarian labor practices. This transformation of the labor force from agricultural to industrial marked a pivotal moment in economic history, shaping the future trajectory of societies worldwide.
