How has the international economy developed in the last 250 years?

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Industrialisation and Economics' Development.

How has the international economy developed in the last 250 years?

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Answer:

In order to be aware of why a truly international economy first evolved during the nineteenth century it is necessary to consider the economic, technical and other changes which were responsible for the massive expansion of capital movements, migration and foreign trade that occurred during these years. For it was through these flows of money, men and goods that countries until this time economically independent were fused into the international economy. The industrial revolution, which began in Britain in the late eighteenth century and which spread first to Europe and then to the United States during the nineteenth century, enormously increased the opportunities for trade between countries, for the new technology presupposed a wide variety of resources and an expanding market. Industrialisation would never have happened so rapidly if it wasn't for the rapid development of new ideas, methods and machinery. Industrialisation brought about the widespread use of factories, around which towns and cities developed. Many of the factories of the industrial age remain intact today and can be visited to make your understanding clearer.