Analyze the changes in global commerce between 1750 and 1900 due to changes in technology, communication, and economic theory.

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To analyze the changes in global commerce between 1750 and 1900, due to changes in technology, communication, and economic theory, we need to consider several key factors.

1. Technology:
During this period, there were significant technological advancements that had a profound impact on global commerce. The Industrial Revolution, which began in the late 18th century, brought about major innovations in manufacturing and transportation. New machinery, such as the steam engine, led to the mechanization of production, making it more efficient and cost-effective. This, in turn, increased the scale of production and facilitated the growth of industries such as textiles, iron, and coal mining.

The development of transportation technology, particularly the steamship and the railroad, allowed goods and raw materials to be transported faster and over longer distances. This opened up new markets and created global trade networks. These technological advancements also reduced transportation costs, making it more affordable to ship goods internationally.

2. Communication:
Improvements in communication technology also played a crucial role in transforming global commerce. The invention of the telegraph in the mid-19th century revolutionized long-distance communication, enabling messages to be sent quickly across vast distances. This allowed for better coordination and information exchange between businesses and markets. It also facilitated the growth of financial systems, as it became easier to transfer money and track transactions globally.

3. Economic Theory:
The period from 1750 to 1900 saw significant developments in economic theory and thinking, which influenced global commerce. The most notable economic theory was the rise of capitalism and the idea of free trade. Free trade advocated for minimal government intervention in economic affairs and emphasized the importance of unrestricted movement of goods and capital between countries.

This period also witnessed the rapid expansion of colonialism and imperialism, where European powers established colonies and controlled markets in various parts of the world. This expansion was driven by the pursuit of resources, markets, and cheap labor. The economic theories of mercantilism, which emphasized national wealth through exports and favorable trade balances, influenced the policies of many colonial powers during this time.

Overall, the combination of technological advancements, improvements in communication, and evolving economic theories had a profound impact on global commerce between 1750 and 1900. It led to the growth of industries, expansion of trade networks, and the establishment of new markets, laying the foundation for the increasingly interconnected global economy we see today.