ABSTRACT
The world economic effects of the transport revolution upon industrial production were not limited to the fact that central regions of international raw material supply were created. Viewed from the standpoint of the old industrialism and not from that of the newly rising centres of raw material, it was the very structure of traditional industrial production which underwent decisive changes. In almost every big industrial country the iron and steel industry affords examples of modern regional separation of the various stages of production. In the USA the eastern seaboard displayed a characteristic local interconnection of the stages of production. The development in the English iron and steel industry resembles in some way that of the old iron districts of the USA. The development first took the form of a location of the industry near the ore-fields.
