What happened with the flourishing of trade and the expansion of markets in the late 19th century?

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Colonisation by the European powers

Loss of freedom and livelihoods for many

The system of indentured labour

All of the above

answer is D.

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Detailed Solution

Colonisation by the European powers, loss of freedom and livelihoods for many, and the system of indentured labour happened with the flourishing trade and the expansion of markets in the late 19th century. The spread of trade networks connecting markers of different parts of the globe went hand in hand with the expansion of colonialism. As a result, the late 19th century saw the development of markets and a prosperous global trade network. But there was another side to this optimistic picture, a gloomy and dismal one. However, it meant severe hardships for the people of the colonized countries. The economy, ecology, and society of the victim countries were disrupted, leading to a loss of freedom and livelihoods for many due to indentured labor, transforming them into impoverished countries.

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