Trade flourished and markets expanded in the late 19th century but there was a darker side to this process. Substantiate

CBSE Class 10 CBSE Class 10 Social Science
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Trade flourished and markets expanded in the late 19th century but there was a darker side to this process. Substantiate.

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  • TRADE flourished and market expanded in the 19th century. But this was not only a period of expanding trade and increased wealth. There was a darker side to this process.
  • In many parts of the World, the expansion of trade and a close relationship with the World economy also meant loss of freedom and livelihood.
  • Late 19th century European conquests produced many painful economic, social and ecological changes through which colonised societies were brought into the world economy.
  • In Africa in 1890s, a fast spreading disease of cattle plague or rinderpest had a terrifying impact on people’s livelihood and local economy.
  • The indentured labour migration from the colonies also show two sided nature of the 19th century world. A world economic growth as well as misery, higher incomes for some and poverty for others, technological advances along with new forms of coercion.