Example of role of technology in transforming the nineteenth century world economy in 400 words
Answers
The technology in the 19th century made the trade very easier and smooth. When the refrigerated ships arrived, they helped in the export of meat because in the early days, the animals were used to export in the ships, but there were many problems like the dying of animals and the price of meat was high that only rich people could afford it. Now with the help of refrigerated ships, these all problems are vanished and prices of the stuff have reduced. Moreover, the railway services are also improved and the grains from one place to another can be easily transported.
the role of technology in transforming the nineteenth century world economy is: the development of transformation technology increased foreign trade and investment by transporting goods from one place to another by saving time and labor. Goodes are placed in containers that can be loaded intact onto ships, railways, planes and trucks whereas communication technology like internet computers telecommunications etc, are used to contact one another around the world. This is how the role of technology in transforming the nineteenth century world economy.