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What was a significant outcome of the expansion of trade in the late nineteenth century?
- a)Increased prosperity for all societies
- b)The establishment of international peace
- c)Loss of freedoms and livelihoods in many parts of the world
- d)The decline of colonial powers
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
What was a significant outcome of the expansion of trade in the late n...
The expansion of trade often led to exploitation and the integration of colonized societies into the global economy, resulting in significant losses for local populations.
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What was a significant outcome of the expansion of trade in the late n...
Significant Outcome of Trade Expansion
The late nineteenth century marked a transformative period in global trade, characterized by the expansion of markets, the rise of industrialization, and increased connectivity. However, this expansion had complex consequences, particularly regarding the loss of freedoms and livelihoods in many parts of the world.
Economic Displacement
- The growth of international trade often favored industrialized nations, leading to the exploitation of resources in colonized regions.
- Local economies struggled to compete with cheaper, imported goods, resulting in economic displacement for artisans and traditional craftspeople.
Colonial Exploitation
- Many nations experienced intensified colonial rule, where local populations were subjected to harsh labor conditions and minimal compensation.
- The extraction of resources was prioritized over the well-being of indigenous communities, leading to widespread poverty and disenfranchisement.
Loss of Autonomy
- As global markets expanded, many regions lost their economic autonomy, becoming dependent on foreign powers.
- This dependence often resulted in the undermining of local governance and cultural practices, as colonial powers imposed their systems and values.
Labor Exploitation
- Workers in colonized regions faced exploitation, with long working hours and little regard for their rights.
- The demand for raw materials and cheap labor facilitated the growth of oppressive labor systems, such as indentured servitude and forced labor.
Conclusion
In summary, while the expansion of trade in the late nineteenth century contributed to economic growth in certain areas, it also led to significant losses in freedoms and livelihoods, particularly for colonized peoples. The negative impacts of this trade expansion highlight the complexities of globalization and its uneven benefits across different societies.
The late nineteenth century marked a transformative period in global trade, characterized by the expansion of markets, the rise of industrialization, and increased connectivity. However, this expansion had complex consequences, particularly regarding the loss of freedoms and livelihoods in many parts of the world.
Economic Displacement
- The growth of international trade often favored industrialized nations, leading to the exploitation of resources in colonized regions.
- Local economies struggled to compete with cheaper, imported goods, resulting in economic displacement for artisans and traditional craftspeople.
Colonial Exploitation
- Many nations experienced intensified colonial rule, where local populations were subjected to harsh labor conditions and minimal compensation.
- The extraction of resources was prioritized over the well-being of indigenous communities, leading to widespread poverty and disenfranchisement.
Loss of Autonomy
- As global markets expanded, many regions lost their economic autonomy, becoming dependent on foreign powers.
- This dependence often resulted in the undermining of local governance and cultural practices, as colonial powers imposed their systems and values.
Labor Exploitation
- Workers in colonized regions faced exploitation, with long working hours and little regard for their rights.
- The demand for raw materials and cheap labor facilitated the growth of oppressive labor systems, such as indentured servitude and forced labor.
Conclusion
In summary, while the expansion of trade in the late nineteenth century contributed to economic growth in certain areas, it also led to significant losses in freedoms and livelihoods, particularly for colonized peoples. The negative impacts of this trade expansion highlight the complexities of globalization and its uneven benefits across different societies.
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What was a significant outcome of the expansion of trade in the late nineteenth century?a) Increased prosperity for all societiesb) The establishment of international peacec) Loss of freedoms and livelihoods in many parts of the worldd) The decline of colonial powersCorrect answer is option 'C'. Can you explain this answer? for Class 10 2025 is part of Class 10 preparation. The Question and answers have been prepared according to the Class 10 exam syllabus. Information about What was a significant outcome of the expansion of trade in the late nineteenth century?a) Increased prosperity for all societiesb) The establishment of international peacec) Loss of freedoms and livelihoods in many parts of the worldd) The decline of colonial powersCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Class 10 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What was a significant outcome of the expansion of trade in the late nineteenth century?a) Increased prosperity for all societiesb) The establishment of international peacec) Loss of freedoms and livelihoods in many parts of the worldd) The decline of colonial powersCorrect answer is option 'C'. Can you explain this answer?.
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