Industrial Transportation and the Global Economy
Which of the following describes a significant global economic effect of transportation innovations, such as the steamship and railroad, developed during the Industrial Revolution?
A
Steamships and railroads caused a worldwide increase in subsistence farming due to imported goods becoming less competitive.
B
These innovations rendered long-distance trade obsolete, causing a decline in global mercantilism.
C
They facilitated faster international trade, leading to interconnected markets and increased globalization.
D
Such technological developments led to a sudden stop in colonialism as the need for overseas trade diminished.
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