How did international trade change during the Industrial Revolution?

Study for the Industrial Revolution Test. Study with flashcards and multiple choice questions, each question has hints and explanations. Get ready for your exam!

During the Industrial Revolution, international trade transformed significantly, primarily by becoming more extensive as nations engaged in exchanging raw materials for finished goods. This period was characterized by rapid industrialization, where countries like Britain developed advanced manufacturing capabilities, producing goods such as textiles, machinery, and iron products.

As industries grew, there was an increased demand for raw materials, which were often sourced from colonies and other countries. For instance, cotton was imported from colonies in America and India to fuel the booming textile industry in Britain. Conversely, the finished goods produced in industrialized nations were exported across the globe, fostering a new level of interdependence among countries. This exchange not only boosted economies but also led to the establishment of complex global trade networks.

The shift towards this model of trade was crucial for economic development during the Industrial Revolution, as it enabled countries to specialize economically and increase their production efficiency. Thus, option B accurately reflects this significant change in international trade dynamics during this transformative period.

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