marked the point where Homo sapiens began making mass-produced goods, forming a truly global economy, and moving people from rural to urban areas. The Dawn of a Globalized Economy: The Birth of Mass Production

A Globalized Economy at the Dawn: Mass Production
Although the concept of global economics has existed for many centuries, its origins lie in mass production. It is the practice of producing similar goods consistently in large numbers. This was the key to the shift from rural living to urban life during the 18th century. The shift opened up new possibilities for economic growth, globalization and marked a significant turning point in the history of humanity. In 1776, Richard Arkwright, an inventor from Britain, invented the waterframe, which was able to spin yarn more quickly and efficiently than any other machine. This allowed for increased production which led to the invention of cotton mills. Further advancements in mass production were made possible by the advent of the steam engine, which was introduced in the first half of the 19th century. This allowed goods to be produced on a larger scale (McConnell 2002). Modern global economic development was greatly influenced by mass production. The increase in efficiency and speed allowed goods to become more affordable and faster than ever. This resulted…
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