Industrial–Global Age (1700–1914)
The Industrial Revolution fundamentally restructured the global balance of power, creating unprecedented asymmetries between industrializing Europe and traditional societies across Eurasia. Steam power, mechanized production, and railroads enabled European states to project military and economic power globally at costs that non-industrialized polities could not match. The "Great Divergence" saw Western Europe and its settler colonies achieve sustained per-capita income growth while Asian economies stagnated or declined relatively. British hegemony—naval, commercial, and financial—established the first genuinely global international system, with London as its center and the gold standard as its monetary foundation.
