"The free trade movement in the middle of the last century represents the first conscious recognition of these new circumstances and of the necessity to adapt to them"

In this quote, Christian Lous Lange is describing the open market motion that emerged in the middle of the 19th century. He suggests that this movement was the first time that individuals ended up being mindful of the altering scenarios of the world and the need to get used to them. This could be analyzed as an acknowledgment of the increasing interconnectedness and interdependence of nations, in addition to the increase of industrialization and globalization. Lange suggests that the open market motion was a reaction to these brand-new truths, as countries recognized the significance of adjusting their financial policies to much better fit the altering international landscape.