How trade developed in the 19th century

The peak of the development of international trade, and with it the formation of the world market, began in the 19th and 20th centuries. This was due to the active involvement of new countries in international trade. This period is also characterized by the rapid growth of large monopolies, quickly seizing dominant positions and controlling sales.

Incentives for the development of international trade

The phrase "international trade" appeared, thanks to the Italian scientist-economist Antonio Margaretti, he first used this term in his treatise "The Power of the People in the North of Italy." He described this process as the achievement of significant volumes and stable commodity-money relations in a process that originated in antiquity.

In the XIX century, the role of foreign trade expansion grows, this is due to the dominance of monopolies, which allows them to extract super-profits. Since the beginning of the XIX century. until 1914, world trade grew almost a hundred times. Of course, the impetus for this was technical progress in industrialized countries - England, Holland. Machine production allows for large-scale and regular import of raw materials from economically less developed countries of Asia, Africa and Latin America, as well as export of consumer goods.