The Introduction of New Machines During the Industrial Revolution Led

question 45

True/False

The introduction of new machines during the Industrial Revolution led to the construction of factories close to energy sources, raw materials, or transport routes.

---

Definitions:

Foreign Debts

Obligations owed by a country to foreign creditors, often in the form of loans or bonds, which must be repaid in the currency in which they were issued.

Domestic Manufacturing

The production of goods within a country's borders, emphasizing the role of local industries and labor.

Foreign Trading

The act of buying and selling goods and services between different countries, also known as international trade.

Spot Exchange Rate

Buying foreign currency at present-day rates in anticipation of future transactions.