How did the factory system influence global trade patterns?
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Correct answer: It drove demand for colonial raw materials and boosted the export of finished goods
Factories needed vast amounts of cotton, wool, and minerals. This fueled 'New Imperialism' as industrial nations sought to control territories that could provide raw materials and serve as markets for their mass-produced goods.
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More Factory System questions
- What was the primary shift in production method that defined the transition from the 'cottage industry' to the factory system?
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