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World trade and industrialization

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Presentation on theme: "World trade and industrialization"— Presentation transcript:

1 World trade and industrialization
Yixiong (Landon) Qin

2 The first Factories Definition of Factories: “modern”
Europe~ Particularly England Dictionary definition of “factory” : “a place where factors reside to transact business for their employers, as, the British merchants have factories in the colonies.

3 The world economy in the late nineteenth and early twentieth centuries.

4 The industrious revolution
In the 1400s, the overwhelming majority of most people’s consumption all over Eurasia was food~ 80 percent of their family budget In 1930s, an hour of unskilled work could buy as much bread as it could in the late 1300s.

5 Early modern world Why were people buying all this unnecessary stuff when it was getting harder just to buy enough food? how could they afford it?

6 Fiber of Fortune cotton textiles were among the first products of recognizably modern factories.

7 Fabric of the Industrial Age
Why were they chosen cotton over flax and wool? cotton was very tough on the soil, the land supply in the New World seemed virtually limitless.

8 Combing the World for Cotton
The world’s largest industrial power—and most of the others—depends on an essential, imported raw material. One region supplies most of it, and that region is politically unstable. Before things blow up, the world’s leading power begins planning to develop alternate sources.

9 nineteenth-century industry still belonged to a natural world

10 Killing the Golden Goose
In much of the world, then, Indian textiles were more liquid than money. They were also probably the first industrial product to have a worldwide market. Fine Indian fabrics reached more than just Southeast Asia and Africa In the 1700s they drove most of the Ottoman silk industry to the wall, conquered Persia, and won a big chunk of the European market

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