The industrial revolution was a great turning point in the globalization of the world. The industrial revolution was during the 18th and 19th century (History.com, 2014). Before this time most of the world transportation was done using horse drawn carriages. During this period, we see the development of the steam engine. This used a water pump to help drive the engine forward (2014). This helped in transporting goods across the Atlantic Ocean to and from Britain. We also see during this period many factories popping up as mass production of goods went underway. During this time we began to see the use of coal and fossil fuels become more in use to aid in the help of production of goods. With the development of the car by Henry Ford we began to see the use of oil become a major factor.
Retrieved December 7,2014. (Google Images Industrial Revolution, n.d.)
Since this period we have seen throughout the use of fossil fuels and oil becomes a major factor in the globalization of the world. As more and more people drive cars and the depletion of the fossil fuels happen we see the increase of the prices of goods. This is to compensate for the increase in costs to transport items to and from places. The cost of barrels of oil has increased. As the demand for the oil increases, the oil drilling industry is having a hard time keeping up with the demand. Therefore the surplus of oil barrels is not as big as it has been in the past.
Retrieved December 7, 2014. (Google Images Oil Globalization, n.d.)
