Instructions: Please use this outline map of Europe to answer the question(s).
-What developments characterized the "second industrial revolution"? How did the pace and processes of industrialization between 1870 and World War I differ from earlier industrialization?
Definitions:
Trade Restrictions
Measures such as tariffs, quotas, and embargoes imposed by governments to control the amount of trade across its borders, affecting how countries import or export goods and services.
Domestic Producers
Manufacturers or suppliers that produce goods or services within a country's borders, contributing to the domestic economy.
Foreign Competitors
Companies based in another country that compete in the same market as domestic firms, often influencing pricing, innovation, and market share.
NAFTA
The North American Free Trade Agreement, a treaty entered into by the United States, Canada, and Mexico; it aimed at eliminating trade barriers between the three countries.
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