Trade was influential to the industrial process. Neil Tonge described it as the wealth of the world. It makes the difference between the rich and the poor, nourishes industries and dispenses the natural wealth. According to various historians such as Eric Williams the triangular trade and the sugar industry in the Caribbean was crucial to the transformation of the Atlantic economy. Industrialization intensified trade amongst nations and human resources. Large amounts of sugar, coffee, cotton and tobacco were taken from the colonies to fuel the industrial masters in London. The result of this parasitic relationship was massive underdevelopment and stunted economies in the colonies since all colonies were giving back to the mother country.
There was also the culture of interdependence between Britain and her colonies and the 13 American colonies. The colonies were by now accustomed to a ready market and therefore had to remain dependent upon the crown since their industry were tied to them. The monies made from the colonies did not stay in the colonies but went to Europe and the US, fuelling their economies and leaving the colonies highly underdeveloped.
There was also the formation of new industries such as the shipping, boat building, textile, oil and steel industry. This resulted in mass urbanization in the industrial countries. Persons moved from... [continues]
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