Final answer:
The use of the internet has indeed caused turbulence in the travel agent sector, which is a true statement. The market revolution also brought significant social and economic changes to the United States, another true assertion. Technology and globalization have together redefined market competition, leading to increased global interactions.
The answer is True.
Step-by-step explanation:
The wide spread use of the internet is indeed one reason the travel agent sector has hit turbulent times. This statement is true. The travel industry has been significantly impacted by the digital revolution, particularly the rise of online platforms that enable consumers to book their own flights, hotels, and transportation without the need for a traditional travel agency. Moreover, these platforms often provide tools and reviews that empower consumers to make informed choices, further marginalizing the role of travel agents.
Regarding the subject of the market revolution bringing about social and economic changes in the United States, this is also true. The market revolution in the 19th century drastically altered the way markets operated in the US, bringing in more participants to both buy and sell goods over greater distances than ever before.
Comparing the internet to historic trade networks, we see similarities in the sense that both serve as avenues for commerce, connecting buyers and sellers across great distances. However, while historic trade networks relied on physical trade routes and face-to-face transactions, the internet allows for instant digital communication and transactions without the need for physical presence.
The influence of both technology and globalization in redefining markets is substantial. The internet has enabled consumers and businesses to engage in transactions on a global scale, leading to increased competition from various regions and countries, which has pressured local businesses to adapt and evolve in response to these global market changes.