How did the suez and panama canals affect global industrialization

The construction of the Suez and Panama canals had substantial impacts on global trade, mainly over two factors.

Explanation:

The first and most obvious concerns the reduction of travel distances between economic regions. The second relates to the introduction of the steamship during the same time period which was able to use more direct routes at a faster and consistent speed, compounding the gains from shorter travel distances.

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its main object was the establishment of "settlement houses" in poor urban areas, in which volunteer middle-class "settlement workers" would live, hoping to share knowledge and culture with, and alleviate the poverty of, their low-income neighbors.