The Expanding World Economy

What were the global consequences of European industrialization between 1800 and 1914?

The Industrial Revolution created, first in Great Britain and then in continental Europe and North America, a growing and dynamic economic system. Over the course of the nineteenth century that system expanded and transformed economic relations across the face of the earth. As a result, the world’s total income grew as never before, and international trade boomed. Western nations used their superior military power to force non-Western nations to open their doors to Western economic interests. Consequently, the largest share of the ever-increasing gains from trade flowed to the West, resulting in a stark division between rich and poor countries.