Week 4 post

A common theme that was recurrent throughout the week was the concept of industrialization and primitive economic globalization, but more specifically, how it was achieved. As we saw with the market shift of cotton production between Bombay and America, trade and the international economy was already globalized by the mid 19th century. another indicative example of globalized industrialization was the heightened levels of production within the Ruhr Valley. Almost countries between 1850 and 1914 saw some level of industrialization or growth in international presence.

Furthermore, the industrialization of Bombay was due in great part to British influence. The aftermath of the civil war resulted in a great reduction of cost-efficient cotton production within the southern United States, which prior to the war was the worlds #1 exporter of cotton. This sudden market shift made the British look elsewhere for their supply of cotton, this is when they decided to start investing capital into Bombay and their cotton mills. Within 44 years the number of cotton mills in Bombay went from a modest 1 all the way to 136 mills. The ability for a city like Bombay, which prior to industrialization was relatively small, to grow in such size is only due to the recent advancements in transportation technology that was spreading across the globe. These technologies include the train, the steam engine, and overall more efficient production. similar to Bombay, the Ruhr valley saw heavy growth of industry resulting in population spikes upwards of 400%.

All in all, even with a brief description such as this, we can still see the magnitude of the indicators that show just how our planet obtained such a globalized industry in less than a century. This growth is only accomplished through advancements in transport and economic ideology. Globalization is one of the most vital accomplishments of the past couple hundred years because it acts as the facilitator for advancement in research and societal growth.

 

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