In the 1870s,what group of indicators signaled a turning point in global economic integration?
A)the degree of trade and the flow of investment
B)the degree of trade and the convergence of international prices
C)the degree of trade,the flow of investment,and the convergence of international prices
D)the convergence of international prices and the convergence of international wage rates

Question

Quizplus · Accepted Answer

The degree of trade, the flow of investment, and the convergence of international prices were all key indicators of the turning point in global economic integration in the 1870s. Increased trade and investment signaled a greater interconnectedness between nations, while the convergence of international prices suggested that markets were becoming more integrated and efficient. Together, these trends reflected the rise of a more globally integrated economy, which would continue to evolve and expand over the coming decades.

In the 1870s,what Group of Indicators Signaled a Turning Point