APFIVE Steam Power and the Global Economy
The introduction of steam-powered transportation in the early nineteenth century had which of the following effects on the global economy?
A
Facilitated faster movement of goods and people, intensifying global trade networks.
B
Led to a decline in intercontinental travel due to higher costs compared to sail power.
C
Decreased urbanization as rural areas became more accessible for commerce.
D
Reduced demand for raw materials due to more efficient local production methods.
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