As production increased, the need for raw goods and markets to sell finished goods began to increase Areas that were not industrialized began to engage in single export economies The profits from the sale of these goods was used to purchase finished products from industrialized countries These products included: Rubber Sugar Metals Wheat Cotton Industrial Revolution in India Britain was agriculturally dependent on India for its cotton in the 1600s. However, with industrialization, Britain no longer needed finished cotton because they could produce in themselves This took a lot of profits away from India and led to India becoming very poor and impoverished. This led to Britain taking advantage of India, which eventually led to the Indian Rebellion of 1857. Industrial Revolution in China Previously, the Qing and Ming Dynasties had limited European trade; only traded silver Britain and France attempted to push more heavily into China to find more markets for their finished goods This drain of silver results in the widespread use of paper currency in much of Europe.
This currency was held up to a gold standard The british introduced opium to china. Opium quickly became a major transport and illegal through China. China fought the British to end the opium trade. British victory will result in many trading ports and the legalization of opium. British gained control of Hong Kong. China will resist the economic change and stay preindustrial due to Confucian teachings. However. some advancements will be made due to the SelfStrengthening Movement. This idea is china needs to be strong to keep out western powers.
Effects of the Industrial Revolution Farmers were becoming less needed and more workers were needed for the factories. This increased urbanization (high population density) Bc of this the cost of living will increase forcing recent migrants into unsanitary housing blocks, tenements.