Chapter 15 RIVALRY FOR WORLD POWER

Even more significant in its relation to sea power than the revolution in armaments during the 19th century was the extraordinary growth of ocean commerce. The total value of the world's import and export trade in 1800 amounted in round numbers to 1-1/2 billion dollars, in 1850 to 4 billion, and in 1900 to nearly 24 billion. In other words, during