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The 19th Century & the Mushrooming World Economy

Food production and consumption was the major cause for the mushrooming of world economy. In Britain, the population growth resulted in the demand for more food. Urbanization and industrialization restricted agricultural growth, and the Corn Laws restricting import of corn resulting in high food prices. Inevitable the Corn Laws were abolished and food could be imported into Britain, marking the beginning of a new world economy.

With the import of food, the prices fell and the consumption of food increased. Industrialization led to higher income and demand for more and better food. All over the world land was cleared and food production expanded to meet the British demand. Rail routes were created to ensure the movement of food, people migrated as the demand for agricultural labor increased. Capital flowed from financial centers such as London. It is estimated that during the 19th century nearly 50 million people emigrated from Europe to America.

By 1890, a global agricultural economy had taken shape.

Change took place in India, also. The British Indian government built a network of irrigation canals in west Punjab. The areas surrounding these canals were called Canal colonies. Food was cultivated here .

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