Question

What role did technology play in shaping the 19th century world ?

Answer 1

i) Important inventions such as railways and steamships boosted the economic growth in 19th century. 
(ii) Colonization stimulated new investments and improvements in transport. 
(iii) Faster railways, lighter wagons, and larger ships helped to move food more cheaply and quickly from far away farms to final markets.

Answer 2

Technology has played an important role in shaping the world economy in the 19th century. Technology can be regarded as the primary source in economic development.

A major part of the growth of net national income in developed countries has been due to technological changes. Robert Solow says that technological change accounted for about 2/3 of growth of the US economy. Even the development of underdeveloped countries has been due to the contribution of technology.

Technological advancement and economic growth are interdependent. A high level of technology can bring about a rapid growth.